4//SEC Filing
Kevorkian Eric G 4
Accession 0001246991-23-000161
CIK 0001037540other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 1:50 PM ET
Size
9.5 KB
Accession
0001246991-23-000161
Insider Transaction Report
Form 4
Kevorkian Eric G
SVP, CLO and Secretary
Transactions
- Conversion
Common OP Units
2023-05-19+62.09→ 4,819.52 total→ Common Stock, par value $0.01 (62.09 underlying) - Conversion
LTIP Units
2023-05-19−62.09→ 9,797.91 total→ Common Stock, par value $0.01 (62.09 underlying)
Footnotes (4)
- [F1]Represents LTIP Units in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the sole general partner, issued as long term incentive compensation 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 BPLP or the holder, into a common unit of limited partnership interest ("Common OP Unit") in BPLP. 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 the Issuer's common stock. LTIP Units have no expiration date.
- [F2]For the benefit of the reporting person's former spouse pursuant to a qualified domestic relations order (the "QDRO"), the reporting person converted 62.09 LTIP Units into Common OP Units in accordance with the BPLP partnership agreement.
- [F3]Represents Common OP Units in BPLP. Each Common OP Unit may be presented for redemption, at the election of the holder, for cash equal to 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 redemption for one share of the Issuer's Common Stock. Common OP Units have no expiration date.
- [F4]The reporting person disclaims beneficial ownership of 62.09 Common OP Units, and the filing of this statement shall not be deemed an admission that the reporting person is the beneficial owner of such Common OP Units for purposes of Section 16 of the Securities Act of 1934, as amended, or for any other purpose. Such Common OP Units are held for the benefit of the reporting person's former spouse pursuant to the QDRO.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001931048
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 1:50 PM ET
- Size
- 9.5 KB