4//SEC Filing
POWERS JOHN FRANCIS 4
Accession 0001246991-20-000051
CIK 0001037540other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 4:12 PM ET
Size
6.3 KB
Accession
0001246991-20-000051
Insider Transaction Report
Form 4
POWERS JOHN FRANCIS
Senior Vice President
Transactions
- Award
LTIP Units
2020-01-31$0.25/sh+8,161$2,040→ 35,756 total→ Common Stock, par value $0.01 (8,161 underlying)
Footnotes (2)
- [F1]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 ("LTIP Units") 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.
- [F2]The 8,161 LTIP Units were fully vested upon issuance as a result of the Reporting Person's attainment of age 65.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001595258
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 4:12 PM ET
- Size
- 6.3 KB