Matthew J. Lustig - May 27, 2021 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP (N/A)

Role
Director
Signature
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
Stock symbol
N/A
Transactions as of
May 27, 2021
Transactions value $
$321
Form type
4
Date filed
6/1/2021, 05:26 PM
Previous filing
May 27, 2021
Next filing
Jul 1, 2021

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 $321 +1.29K +11.77% $0.25* 12.2K May 27, 2021 Common OP Units 1.29K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issued pursuant to Boston Properties, Inc.'s ("BXP"), 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 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 presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of common stock of BXP, except that BXP may, at its election, acquire each Common OP Unit so presented for one share of BXP's common stock. LTIP Units have no expiration date.
F2 The 1,285 LTIP Units will vest on the earlier of (i) May 27, 2022 and (ii) the date of Boston Properties, Inc.'s 2022 annual meeting of stockholders.