4//SEC Filing
RITCHEY RAYMOND A 4
Accession 0001246991-24-000204
CIK 0001043121other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 2:36 PM ET
Size
12.6 KB
Accession
0001246991-24-000204
Insider Transaction Report
Form 4
RITCHEY RAYMOND A
Executive Vice President of GP
Transactions
- Conversion
LTIP Units
2024-03-04$0.25/sh−14,150$3,538→ 156,813 total→ Common OP Units (14,150 underlying) - Conversion
Common OP Units
2024-03-04+14,150→ 102,955 total - Conversion
Common OP Units
2024-03-06−14,150→ 17,115 total(indirect: By Trust) - Conversion
Common OP Units
2024-03-04−14,150→ 88,805 total
Holdings
- 10,500(indirect: By Trust)
Common OP Units
Footnotes (4)
- [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. ("BXP"), the Issuer's sole general partner, except that BXP may, at its election, acquire each Common OP Unit so presented for redemption for one share of BXP's common stock.
- [F2]14,150 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 BXP's common stock, in accordance with the terms of the Issuer's Partnership Agreement.
- [F3]The Raymond A. Ritchey 2008 Family Trust redeemed 14,150 Common OP Units in the Issuer for an equal number of shares of common stock of BXP, in accordance with the terms of the Issuer's Partnership Agreement.
- [F4]Represents LTIP Units in the Issuer issued as long term incentive compensation pursuant to BXP'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 Issuer or the holder, into a 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.
Documents
Issuer
BOSTON PROPERTIES LTD PARTNERSHIP
CIK 0001043121
Entity typeother
Related Parties
1- filerCIK 0001219153
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 2:36 PM ET
- Size
- 12.6 KB