MICHAEL E. LABELLE - 15 Feb 2022 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP

Role
EVP and CFO of GP
Signature
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
15 Feb 2022
Net transactions value
+$1,376
Form type
4
Filing time
17 Feb 2022, 16:50:35 UTC
Previous filing
03 Feb 2022
Next filing
17 Jan 2023
SEC
View on sec.gov

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 LTIP Units Award $1,376 +5,503 +3.6% $0.2500* 158,163 15 Feb 2022 Common OP Units 5,503 Direct F1, F2, F3
* 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 interest in the Issuer earned (i.e., for which the performance-based hurdles have been met) pursuant to Boston Properties, Inc.'s ("BXP's"), the Issuer's sole general partner's, 2019 Multi-Year Long-Term Incentive Program (the "Program").
F2 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 BPI, except that BPI may, at its election, acquire each Common OP Unit so presented for one share of BPI's Common Stock. LTIP Units have no expiration date.
F3 The 5,503 LTIP Units earned pursuant to the Program vested 50% upon being earned and 50% will vest on February 4, 2023.