Raymond A. Ritchey - Feb 23, 2022 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 23, 2022
Transactions value $
-$5,276
Form type
4
Date filed
2/24/2022, 10:53 AM
Previous filing
Feb 17, 2022
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction N/A Common OP Units Conversion of derivative security +21.1K +23.76% 110K Feb 23, 2022 Direct F1, F2
transaction N/A Common OP Units Conversion of derivative security -21.1K -19.2% 88.8K Feb 23, 2022 Direct F1, F2
holding N/A Common OP Units 31.3K Feb 23, 2022 By the Raymond A. Ritchey 2008 Family Trust F1
holding N/A Common OP Units 10.5K Feb 23, 2022 By The Raymond A. Ritchey 2020 Grantor Retained Annuity Trust, dated June 11, 2020 F1

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 Conversion of derivative security -$5.28K -21.1K -9.88% $0.25* 193K Feb 23, 2022 Common OP Units 21.1K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common units of limited partnership interest ("Common OP Units") in the Issuer. Each Common OP 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 Boston Properties, Inc. ("BXP"), the Issuer's sole general partner, except that BXP may at its election, acquire each Common OP Unit so presented for redemption for one share of common stock of BXP.
F2 21,102 of the Reporting Person's units of limited partnership interest ("LTIP Units") in the Issuer were converted into Common OP Units in the Issuer by the Reporting Person and the Common OP Units were redeemed for an equal number of shares of common stock of BXP, in accordance with the terms of the Issuer's Partnership Agreement.
F3 Represents LTIP Units in the Issuer issued as long term incentive compensation pursuant to BXP's 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 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.