RITCHEY RAYMOND A 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Sep 10, 2024
Insider Transaction Report
Form 4
RITCHEY RAYMOND A
Senior EVP of GP
Transactions
- Conversion
Common OP Units
2024-09-09+21,835→ 110,640 total - Conversion
Common OP Units
2024-09-09−21,835→ 88,805 total - Conversion
LTIP Units
2024-09-09$0.25/sh−21,835$5,459→ 134,978 total→ Common OP Units (21,835 underlying)
Holdings
- 17,115(indirect: By Trust)
Common OP Units
- 10,500(indirect: By Trust)
Common OP Units
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 BXP, 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]21,835 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]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.