4//SEC Filing
FLASHMAN ARTHUR 4
Accession 0001246991-11-000201
CIK 0001037540other
Filed
Aug 14, 8:00 PM ET
Accepted
Aug 15, 10:43 AM ET
Size
8.3 KB
Accession
0001246991-11-000201
Insider Transaction Report
Form 4
FLASHMAN ARTHUR
Vice President - Controller
Transactions
- Exercise/Conversion
LTIP Units
2011-08-14$0.25/sh−3,266$817→ 3,806 total→ Common Stock (3,266 underlying) - Exercise/Conversion
Common OP Units
2011-08-14+3,266→ 3,266 total→ Common Stock (3,266 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest 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 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 of limited partnership interest in BPLP (Common OP Unit). Each Common OP Unit may be redeemed, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock except that the Issuer may, at its election as directed by BPLP, acquire each Common OP Unit so presented for redemption for one share of Common Stock.
- [F2]3,266 of the Reporting Person's LTIP Units were converted into Common OP Units by the Reporting Person.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001217095
Filing Metadata
- Form type
- 4
- Filed
- Aug 14, 8:00 PM ET
- Accepted
- Aug 15, 10:43 AM ET
- Size
- 8.3 KB