Robert E. Pester - 12 Feb 2024 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: 12 Feb 2024
Net transactions value: +$1,713
Form type: 4
Filing time: 14 Feb 2024, 10:28:36 UTC
Previous filing: 08 Feb 2024
SEC: View on sec.gov

Key filing fact

Robert E. Pester filed Form 4 for BOSTON PROPERTIES LTD PARTNERSHIP on 14 Feb 2024.

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: 14 Feb 2024, 10:28.

Change

Previous filing in this sequence was filed on 08 Feb 2024.
Current net transaction value: +$1,713.

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: $1,713
Shares: +6,851
Change %: +7.2%
Price: $0.2500^*
Shares after: 101,361
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common OP Units
Underlying amount: 6,851
Exercise price
Footnotes: F1, F2, F3, F4

* 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, 2021 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 6,851 LTIP Units earned pursuant to the Program vested in full upon being earned. Each earned LTIP Unit and Common OP Unit acquired upon conversion of such LTIP Unit is subject to an additional post-vesting holding period pursuant to which such LTIP Unit and Common OP Unit generally may not be transferred, and the redemption right associated with the Common OP Unit may not be exercised, until one year after the vesting date.
F4	Reflects the forfeiture of 5,632 LTIP Units originally issued on February 2, 2021 pursuant to the Program that were previously reported as beneficially owned by the Reporting Person, but remained subject to certain performance-based vesting hurdles based on the Issuer's total shareholder return for the period from February 2, 2021 to February 1, 2024.