Raymond A. Ritchey - 09 Sep 2024 Form 4 Insider Report for BOSTON PROPERTIES LTD PARTNERSHIP

Role: Senior EVP of GP
Signature: /s/ Kelli A. DiLuglio, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 09 Sep 2024
Net transactions value: -$5,459
Form type: 4
Filing time: 10 Sep 2024, 12:15:54 UTC
Previous filing: 07 Mar 2024
Next filing: 10 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Common OP Units	Conversion of derivative security		+21,835	+25%		110,640	09 Sep 2024	Direct	F1, F2
transaction		Common OP Units	Conversion of derivative security		-21,835	-20%		88,805	09 Sep 2024	Direct	F1, F2
holding		Common OP Units						10,500	09 Sep 2024	By The Raymond A. Ritchey 2020 Grantor Retained Annuity Trust, dated June 11, 2020	F1
holding		Common OP Units						17,115	09 Sep 2024	By The Raymond A. Ritchey 2008 Family Trust	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		LTIP Units	Conversion of derivative security	$5,459	-21,835	-14%	$0.2500	134,978	09 Sep 2024	Common OP Units	21,835		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 BXP, 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	21,835 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 BXP's common stock, 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 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.