BOSTON PROPERTIES LTD PARTNERSHIP 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Mar 11, 2015
Insider Transaction Report
Form 4
ZUCKERMAN MORTIMER B
DirectorChairman of the Board of GP
Transactions
- Award
LTIP Units
2015-03-09$0.25/sh+997$249→ 634,625 totalFrom: 2015-05-19→ Common OP Units (997 underlying)
Footnotes (2)
- [F1]Issued pursuant to Boston Properties, Inc.'s (BPI), the Issuer's general partner, 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 OP Unit. Each Common OP Unit acquired upon conversion of an LTIP Unit may be redeemed, at the election of the holder, for cash equal to the then fair market value of a share of common stock of BPI except that BPI may, at its election, acquire each Common OP Unit so presented for redemption for one share of common stock of BPI. LTIP Units have no expiration date.
- [F2]Represents a pro-rated initial non-employee director equity award and initial chairman equity award for the period beginning on January 1, 2015 (i.e., the date on which the Reporting Person completed his transition to non-executive Chairman of the Board of BPI) and ending on the date of BPI's 2015 annual meeting of stockholders.