Michael E. Labelle - 28 Jan 2022 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP

Reporting relationship: EVP and CFO of GP
Issuer ticker: N/A
Reported as of: 28 Jan 2022
Net transaction value: +$2,195
SEC form: 4
Accepted by SEC: 01 Feb 2022, 14:55:46 UTC
Prior SEC filing: 19 Jan 2022
Next SEC filing: 03 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Kelli A. DiLuglio, as Attorney-in-Fact

Key filing fact

Michael E. Labelle filed Form 4 for BOSTON PROPERTIES LTD PARTNERSHIP on 01 Feb 2022.

Key facts

This page summarizes Michael E. Labelle's Form 4 filing for BOSTON PROPERTIES LTD PARTNERSHIP.
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 01 Feb 2022, 14:55.

Change

Previous filing in this sequence was filed on 19 Jan 2022.
Current net transaction value: +$2,195.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

No ticker transaction Derivative

LTIP Units

Award

Transaction value: $2,195
Shares: +8,781
Change %: +6.5%
Price: $0.2500^*
Shares after: 144,795
Date: 28 Jan 2022
Ownership: Direct
Underlying class: Common OP Units
Underlying amount: 8,781
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote F2

The 8,781 LTIP Units vest in four equal annual installments beginning on January 15, 2023.