4//SEC Filing
JOHNSTON PETER D 4
Accession 0001246991-21-000057
CIK 0001037540other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 1:43 PM ET
Size
8.0 KB
Accession
0001246991-21-000057
Insider Transaction Report
Form 4
JOHNSTON PETER D
Senior Vice President
Transactions
- Award
Common Stock, par value $0.01
2021-01-29+1,642→ 17,917.307 total - Award
LTIP Units
2021-01-29$0.25/sh+4,926$1,232→ 38,775 total→ Common Stock, par value $0.01 (4,926 underlying)
Footnotes (3)
- [F1]Includes an aggregate of 126.33 shares which the Reporting Person acquired on July 1, 2020 and January 4, 2021 pursuant to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan.
- [F2]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.
- [F3]The 4,926 LTIP Units vest in four equal annual installments beginning on January 15, 2022.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001337218
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 1:43 PM ET
- Size
- 8.0 KB