Eric G. Kevorkian - May 19, 2023 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP (N/A)

Role: Senior Vice President of GP
Signature: /s/ Kelli A. DiLuglio, Attorney-in-Fact
Stock symbol: N/A
Transactions as of: May 19, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/23/2023, 01:49 PM
Previous filing: Feb 15, 2023
Next filing: Sep 12, 2023

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	$0	+62.1	+1.31%	$0.00	4.82K	May 19, 2023	Direct	F1, F2, F3

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	$0	-62.1	-0.63%	$0.00	9.8K	May 19, 2023	Common OP Units	62.1		Direct	F2, F4

* 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 BXP's common stock.
F2	For the benefit of the reporting person's former spouse pursuant to a qualified domestic relations order (the "QDRO"), the reporting person converted 62.09 LTIP Units into Common OP Units in accordance with the Issuer's partnership agreement.
F3	The reporting person disclaims beneficial ownership of 62.09 Common OP Units, and the filing of this statement shall not be deemed an admission that the reporting person is the beneficial owner of such Common OP Units for purposes of Section 16 of the Securities Act of 1934, as amended, or for any other purpose. Such Common OP Units are held for the benefit of the reporting person's former spouse pursuant to the QDRO.
F4	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 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.