Peter V. Otteni - Feb 6, 2024 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP (N/A)

Signature
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
Stock symbol
N/A
Transactions as of
Feb 6, 2024
Transactions value $
$1,974
Form type
4
Date filed
2/8/2024, 03:45 PM
Previous filing
Feb 6, 2024
Next filing
Aug 9, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction N/A LTIP Units Award $1.97K +7.9K +21.61% $0.25* 44.4K Feb 6, 2024 Common OP Units 7.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents units of limited partnership in the Issuer issued as long term incentive compensation pursuant to Boston Properties, Inc.'s ("BXP"), the Issuer's general partner, equity based incentive programs ("LTIP Units"). 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 BXP's common stock except that BXP may, at its election, acquire each Common OP Unit so presented for redemption for one share of BXP's common stock. LTIP Units have no expiration date.
F2 The 7,897 LTIP Units vest 100% on January 15, 2028.