Mary E. Kipp - 30 May 2024 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP

Role: Director
Signature: /s/ Kelli A. DiLuglio, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 30 May 2024
Net transactions value: +$709
Form type: 4
Filing time: 31 May 2024, 13:26:27 UTC
Previous filing: 01 Apr 2024
Next filing: 01 Jul 2024
SEC: View on sec.gov

Quoteable Key Fact

"Mary E. Kipp filed Form 4 for BOSTON PROPERTIES LTD PARTNERSHIP on 31 May 2024."

Quick Takeaways

This page summarizes Mary E. Kipp's Form 4 filing for BOSTON PROPERTIES LTD PARTNERSHIP.
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 31 May 2024, 13:26.

What Changed

Previous filing in this sequence was filed on 01 Apr 2024.
Current net transaction value: +$709.

Why This Matters

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.

Source 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: $709
Shares: +2,835
Change %: +58%
Price: $0.2500^*
Shares after: 7,729
Date: 30 May 2024
Ownership: Direct
Underlying class: Common OP Units
Underlying amount: 2,835
Exercise price
Footnotes: F1, F2

* 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 issued pursuant to Boston Properties, Inc.'s ("BXP"), the Issuer's general partner, equity based incentive programs ("LTIP Units"). 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.
F2	The 2,835 LTIP Units will vest on the earlier of (i) May 30, 2025 and (ii) the date of BXP's 2025 annual meeting of stockholders.

Content

Represents units of limited partnership interest in the Issuer issued pursuant to Boston Properties, Inc.'s ("BXP"), the Issuer's general partner, equity based incentive programs ("LTIP Units"). 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.

The 2,835 LTIP Units will vest on the earlier of (i) May 30, 2025 and (ii) the date of BXP's 2025 annual meeting of stockholders.