4//SEC Filing
Walsh Michael R. 4
Accession 0001246991-23-000132
CIK 0001043121other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 3:51 PM ET
Size
6.3 KB
Accession
0001246991-23-000132
Insider Transaction Report
Form 4
Walsh Michael R.
SVP & Chief Acctg. Off. of GP
Transactions
- Award
LTIP Units
2023-02-13$0.25/sh+185$46→ 23,986 total→ Common OP Units (185 underlying)
Footnotes (3)
- [F1]Represents units of limited partnership interest in the Issuer earned (i.e., for which the performance-based hurdles have been met) pursuant to Boston Properties, Inc.'s ("BXP's"), the Issuer's sole general partner's, 2020 Multi-Year Long-Term Incentive Program (the "Program").
- [F2]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 Issuer or 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 BXP's common stock, except that BXP may, at its election, acquire each Common OP Unit so presented for one share of BXP's common stock. LTIP Units have no expiration date.
- [F3]The 185 LTIP Units earned pursuant to the Program vested 50% upon being earned and 50% will vest on February 3, 2024.
Documents
Issuer
BOSTON PROPERTIES LTD PARTNERSHIP
CIK 0001043121
Entity typeother
Related Parties
1- filerCIK 0001637104
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 3:51 PM ET
- Size
- 6.3 KB