Key facts
- This page summarizes Robert E. Pester's Form 4 filing for BOSTON PROPERTIES LTD PARTNERSHIP.
- 1 reported transaction and 1 derivative row are listed below.
- Filing timestamp: 15 Feb 2023, 14:49.
Robert E. Pester - 13 Feb 2023 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP
- Signature
- /s/ Kelli A. DiLuglio, as Attorney-in-Fact
- Issuer symbol
- N/A
- Transactions as of
- 13 Feb 2023
- Net transactions value
- +$552
- Form type
- 4
- Filing time
- 15 Feb 2023, 14:49:42 UTC
- Previous filing
- 09 Feb 2023
- Next filing
- 06 Feb 2024
- SEC
- View on sec.gov
Key filing fact
Robert E. Pester filed Form 4 for BOSTON PROPERTIES LTD PARTNERSHIP on 15 Feb 2023.
Change
- Previous filing in this sequence was filed on 09 Feb 2023.
- Current net transaction value: +$552.
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
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
No ticker
transaction
Derivative
LTIP Units
Award
- Transaction value
- $552
- Shares
- +2,210
- Change %
- +2.5%
- Price
- $0.2500*
- Shares after
- 90,775
- Date
- 13 Feb 2023
- Ownership
- Direct
- Underlying class
- Common OP Units
- Underlying amount
- 2,210
- Exercise price
- Footnotes
- 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, 2020 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 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 presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of BXP's common stock, 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. |
| F3 | The 2,210 LTIP Units earned pursuant to the Program vested 50% upon being earned and 50% will vest on February 3, 2024. |