4//SEC Filing
BOSTON PROPERTIES INC 4
Accession 0001246991-15-000122
$BXPCIK 0001037540operating
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 5:15 PM ET
Size
6.5 KB
Accession
0001246991-15-000122
Insider Transaction Report
Form 4
ZUCKERMAN MORTIMER B
DirectorChairman of the Board
Transactions
- Award
LTIP Units
2015-02-18$0.25/sh+41,464$10,366→ 633,627 total→ Common Stock (41,464 underlying)
Footnotes (3)
- [F1]Represents units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the general partner, earned (i.e., for which the performance-based hurdles have been met) pursuant to the Issuer's 2012 Outperformance Plan (the "Plan").
- [F2]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]With respect to the 41,464 LTIP Units earned pursuant to the Plan, 25% of such LTIP Units may not be transferred (nor may any Common OP Units issued upon conversion of such LTIP Units be redeemed) until February 7, 2016 and 50% of such LTIP Units may not be transferred (nor may any Common OP Units issued upon conversion of such LTIP Units be redeemed) until February 7, 2017.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001037540
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 5:15 PM ET
- Size
- 6.5 KB