4//SEC Filing
BOSTON PROPERTIES LTD PARTNERSHIP 4
Accession 0001246991-17-000100
CIK 0001043121operating
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 3:18 PM ET
Size
9.8 KB
Accession
0001246991-17-000100
Insider Transaction Report
Form 4
JOHNSTON PETER D
Senior Vice President of GP
Transactions
- Conversion
Common OP Units
2017-02-27+4,477→ 17,461 total - Conversion
Common OP Units
2017-02-27−4,477→ 12,984 total - Conversion
LTIP Units
2017-02-27$0.25/sh−4,477$1,119→ 30,709 total→ Common OP Units (4,477 underlying)
Footnotes (3)
- [F1]Represents common units of limited partnership interest ("Common OP Units") in the Issuer. Each Common OP 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 Boston Properties, Inc. ("BPI"), the Issuer's sole general partner, except that BPI may, at its election, acquire each Common OP Unit so presented for redemption for one share of Common Stock of BPI.
- [F2]4,477 of the Reporting Person's units of limited partnership interest ("LTIP Units") in the Issuer were converted into Common OP Units in the Issuer by the Reporting Person and the Common OP Units were redeemed for an equal number of shares of Common Stock of BPI, in accordance with the Issuer's Partnership Agreement.
- [F3]Represents LTIP Units in the Issuer issued as long term incentive compensation pursuant to BPI'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 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.
Documents
Issuer
BOSTON PROPERTIES LTD PARTNERSHIP
CIK 0001043121
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001043121
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 3:18 PM ET
- Size
- 9.8 KB