BOSTON PROPERTIES INC 4
4 · BOSTON PROPERTIES INC · Filed Feb 5, 2015
Insider Transaction Report
Form 4
ZUCKERMAN MORTIMER B
DirectorChairman of the Board
Transactions
- Gift
Common Stock, par value $0.01
2014-11-10−120,109→ 740,844.7 total - Award
LTIP Units
2015-02-03$0.25/sh+15,513$3,878→ 592,163 total→ Common Stock (15,513 underlying)
Footnotes (3)
- [F1]Includes an aggregate of 214.9242 shares which the Reporting Person acquired in January 2014 and July 2014 pursuant to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan.
- [F2]Represents units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in BPLP (Common OP Unit). Each Common OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of Common Stock. LTIP Units have no expiration date.
- [F3]The 15,513 LTIP Units were fully vested upon issuance but are non-transferable until January 1, 2016.