4//SEC Filing
BOSTON PROPERTIES INC 4
Accession 0001246991-16-000442
$BXPCIK 0001037540operating
Filed
May 25, 8:00 PM ET
Accepted
May 26, 3:16 PM ET
Size
6.1 KB
Accession
0001246991-16-000442
Insider Transaction Report
Form 4
PATRICOF ALAN J
Director
Transactions
- Award
LTIP Units
2016-05-24$0.25/sh+1,013$253→ 4,023 total→ Common Stock (1,013 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, issued pursuant to the Issuer'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 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, acquire each Common OP Unit so presented for one share of its Common Stock. LTIP Units have no expiration date.
- [F2]The 1,013 LTIP Units will vest on the earlier of (i) May 24, 2017 and (ii) the date of the Issuer's 2017 annual meeting of stockholders.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001037540
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 3:16 PM ET
- Size
- 6.1 KB