Peter Otteni V - 01 Feb 2022 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP

Role: Executive Vice President of GP
Signature: /s/ Kelli A. DiLuglio, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 01 Feb 2022
Net transactions value: +$920
Form type: 4
Filing time: 03 Feb 2022, 08:49:02 UTC
Previous filing: 01 Feb 2022
Next filing: 07 Feb 2023
SEC: View on sec.gov

Key filing fact

Peter Otteni V filed Form 4 for BOSTON PROPERTIES LTD PARTNERSHIP on 03 Feb 2022.

Key facts

This page summarizes Peter Otteni V's Form 4 filing for BOSTON PROPERTIES LTD PARTNERSHIP.
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 03 Feb 2022, 08:49.

Change

Previous filing in this sequence was filed on 01 Feb 2022.
Current net transaction value: +$920.

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.

See Original Filing

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

No ticker transaction Derivative

LTIP Units

Award

Transaction value: $920
Shares: +3,680
Change %: +17%
Price: $0.2500^*
Shares after: 25,731
Date: 01 Feb 2022
Ownership: Direct
Underlying class: Common OP Units
Underlying amount: 3,680
Exercise price
Footnotes: F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Issued as long term incentive compensation 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 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 BXP except that BXP may, at its election, acquire each Common OP Unit so presented for redemption for one share of common stock of BXP. LTIP Units have no expiration date.
F2	The 3,680 LTIP Units vest 100% on January 15, 2026.

Content

Issued as long term incentive compensation 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 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 BXP except that BXP may, at its election, acquire each Common OP Unit so presented for redemption for one share of common stock of BXP. LTIP Units have no expiration date.

The 3,680 LTIP Units vest 100% on January 15, 2026.