4//SEC Filing
PESTER ROBERT E 4
Accession 0001246991-22-000055
CIK 0001043121other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 3:58 PM ET
Size
6.2 KB
Accession
0001246991-22-000055
Insider Transaction Report
Form 4
PESTER ROBERT E
Senior Vice President of GP
Transactions
- Award
LTIP Units
2022-01-28$0.25/sh+5,692$1,423→ 63,200 total→ Common OP Units (5,692 underlying)
Footnotes (2)
- [F1]Issued as long term incentive compensation pursuant to Boston Properties, Inc.'s ("BPI"), the Issuer's general partner, 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 unit of limited partnership interest in the Issuer ("Common OP Unit"). Each Common OP Unit acquired upon conversion of an LTIP Unit may be redeemed, at the election of the holder, for cash equal to the then fair market value of a share of common stock of BPI except that BPI may, at its election, acquire each Common OP Unit so presented for redemption for one share of common stock of BPI. LTIP Units have no expiration date.
- [F2]The 5,692 LTIP Units were fully vested upon issuance as a result of the Reporting Person's attainment of age 62 and 20 years of service.
Documents
Issuer
BOSTON PROPERTIES LTD PARTNERSHIP
CIK 0001043121
Entity typeother
Related Parties
1- filerCIK 0001217108
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 3:58 PM ET
- Size
- 6.2 KB