BOSTON PROPERTIES LTD PARTNERSHIP 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed May 20, 2008
Insider Transaction Report
Form 4
SALOMON RICHARD E
Director
Transactions
- Award
LTIP Units
2008-05-19$0.25/sh+649$162→ 3,070 total→ Common OP Units (649 underlying)
Footnotes (2)
- [F1]Issued as long term incentive compensation pursuant to Boston Properties Inc.'s, the Issuer's general partner, equity based compensatory 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.
- [F2]The LTIP Units vest over two years with (1) 50% vesting on the earlier of (i) the first anniversary of the date of grant and (ii) the date of the 2009 annual meeting of stockholders of Boston Properties, Inc. and (2) 50% vesting on the earlier of (i) the second anniversary of the date of grant and (ii) the date of the 2010 annual meeting of stockholders of Boston Properties, Inc.