4//SEC Filing
BOSTON PROPERTIES LTD PARTNERSHIP 4
Accession 0001246991-16-000375
CIK 0001043121operating
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 1:04 PM ET
Size
6.5 KB
Accession
0001246991-16-000375
Insider Transaction Report
Form 4
ZUCKERMAN MORTIMER B
DirectorChairman of the Board of GP
Transactions
- Award
LTIP Units
2016-02-22$0.25/sh+11,049$2,762→ 648,353 total→ Common OP Units (11,049 underlying)
Footnotes (3)
- [F1]Represents units of limited partnership interest in the Issuer earned (i.e., for which the performance-based hurdles have been met) pursuant to Boston Properties, Inc.'s (BPI's), the Issuer's sole general partner's, 2013 Multi-Year Long-Term Incentive Program (the "Program").
- [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 the Issuer (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 Common Stock of BPI, except that BPI may, at its election, acquire each Common OP Unit so presented for one share of BPI's Common Stock. LTIP Units have no expiration date.
- [F3]With respect to the 11,049 LTIP Units earned pursuant to the Program, 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 4, 2017 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 4, 2018.
Documents
Issuer
BOSTON PROPERTIES LTD PARTNERSHIP
CIK 0001043121
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001043121
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 1:04 PM ET
- Size
- 6.5 KB