Peter Otteni V. - 09 Aug 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
09 Aug 2024
Net transactions value
-$1,196
Form type
4
Filing time
09 Aug 2024, 13:01:17 UTC
Previous filing
08 Feb 2024
Next filing
26 Aug 2024
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 +4,785 4,785 09 Aug 2024 Direct F1, F2
transaction Common OP Units Conversion of derivative security -4,785 -100% 0 09 Aug 2024 Direct F1, F2

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 $1,196 -4,785 -11% $0.2500 39,656 09 Aug 2024 Common OP Units 4,785 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 in the Issuer ("Common OP Units"). 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 common stock of BXP.
F2 4,785 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 common stock of BXP, 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 redeemed, at the election of the holder, for cash equal to the then fair market value of a share of common stock of BXP except that BXP may, at its election, acquire each Common OP Unit so presented for redemption for one share of common stock of BXP. LTIP Units have no expiration date.