SELSAM ROBERT E 4
4 · BOSTON PROPERTIES INC · Filed Feb 7, 2012
Insider Transaction Report
Form 4
SELSAM ROBERT E
Senior Vice President
Transactions
- Award
Employee Stock Option (right to buy)
2012-02-03+8,142→ 8,142 totalExercise: $107.57From: 2012-02-03Exp: 2022-02-03→ Common Stock (8,142 underlying) - Award
LTIP Units
2012-02-03$0.25/sh+4,671$1,168→ 40,032 totalFrom: 2012-02-03→ Common Stock (4,671 underlying)
Footnotes (3)
- [F1]The options are fully vested upon grant as a result of the Reporting Person's attainment of age 65.
- [F2]Represents units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the 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 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 as directed by BPLP, acquire each Common OP Unit so presented for one share of Common Stock.
- [F3]The 4,671 LTIP Units are fully vested upon grant as a result of the Reporting Person's attainment of age 65.