4//SEC Filing
JOHNSTON PETER D 4
Accession 0001246991-20-000072
CIK 0001043121other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 3:47 PM ET
Size
9.9 KB
Accession
0001246991-20-000072
Insider Transaction Report
Form 4
JOHNSTON PETER D
Senior Vice President of GP
Transactions
- Conversion
Common OP Units
2020-02-11+17,178→ 30,162 total - Conversion
Common OP Units
2020-02-11−17,178→ 12,984 total - Conversion
LTIP Units
2020-02-11$0.25/sh−17,178$4,295→ 30,077 total→ Common OP Units (17,178 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]17,178 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 terms of the Issuer's Partnership Agreement.
- [F3]Represents LTIP Units in the Issuer issued as long term incentive compensation pursuant to BPI's equity based 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 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.
Documents
Issuer
BOSTON PROPERTIES LTD PARTNERSHIP
CIK 0001043121
Entity typeother
Related Parties
1- filerCIK 0001337218
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 3:47 PM ET
- Size
- 9.9 KB