4//SEC Filing
POWERS JOHN FRANCIS 4
Accession 0001246991-20-000052
CIK 0001043121other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 4:13 PM ET
Size
6.1 KB
Accession
0001246991-20-000052
Insider Transaction Report
Form 4
POWERS JOHN FRANCIS
SVP of General Partner
Transactions
- Award
LTIP Units
2020-01-31$0.25/sh+8,161$2,040→ 35,756 total→ Common OP Units (8,161 underlying)
Footnotes (2)
- [F1]Issued as long term incentive compensation 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 unit of limited partnership interest in the Issuer ("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]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 LTD PARTNERSHIP
CIK 0001043121
Entity typeother
Related Parties
1- filerCIK 0001595258
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 4:13 PM ET
- Size
- 6.1 KB