0001246991-19-000079.txt : 20190220
0001246991-19-000079.hdr.sgml : 20190220
20190220170441
ACCESSION NUMBER: 0001246991-19-000079
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190215
FILED AS OF DATE: 20190220
DATE AS OF CHANGE: 20190220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BURT FRANK D
CENTRAL INDEX KEY: 0001217093
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50209
FILM NUMBER: 19619183
MAIL ADDRESS:
STREET 1: BOSTON PROPERTIES, INC.
STREET 2: 800 BOYLSTON STREET
CITY: BOSTON
STATE: MA
ZIP: 02199
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BOSTON PROPERTIES LTD PARTNERSHIP
CENTRAL INDEX KEY: 0001043121
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 800 BOYLSTON STREET
STREET 2: SUITE 1900
CITY: BOSTON
STATE: MA
ZIP: 02199
BUSINESS PHONE: 6172363300
MAIL ADDRESS:
STREET 1: 800 BOYLSTON STREET
STREET 2: SUITE 1900
CITY: BOSTON
STATE: MA
ZIP: 02199
4
1
wf-form4_155070026680518.xml
FORM 4
X0306
4
2019-02-15
0
0001043121
BOSTON PROPERTIES LTD PARTNERSHIP
N/A
0001217093
BURT FRANK D
C/O BOSTON PROPERTIES, INC.
800 BOYLSTON STREET
BOSTON
MA
02199
0
1
0
0
Senior Vice President of GP
Common OP Units
2019-02-19
4
C
0
2000
A
2000
D
Common OP Units
2019-02-19
4
C
0
2000
D
0
D
LTIP Units
2019-02-15
4
A
0
464
0.25
A
Common OP Units
464.0
11310
D
LTIP Units
2019-02-19
4
C
0
2000
0
D
Common OP Units
10798.0
9310
D
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. ("BPI"), the Issuer's sole general partner, except that BPI may, at its election, acquire each Common OP Unit so presented for redemption for one share of Common Stock of BPI. Common OP Units have no expiration date.
2,000 of the Reporting Person's Common OP Units in the Issuer were redeemed for an equal number of shares of Common Stock of BPI, in accordance with the terms of the Issuer's Partnership Agreement.
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 ("BPI's"), the Issuer's sole general partner's, 2016 Multi-Year Long-Term Incentive Program (the "Program").
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 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 Common Stock of BPI, except that BPI may, at its election, acquire each Common OP Unit so presented for one share of BPI's Common Stock. LTIP Units have no expiration date.
The 464 LTIP Units earned pursuant to the Program vested 50% upon being earned and 50% will vest on February 9, 2020.
Represents units of limited partnership in the Issuer issued as long term incentive compensation pursuant to BPI'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 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 Common Stock of BPI, except that BPI may, at its election, acquire each Common OP Unit so presented for one share of BPI's Common Stock. LTIP Units have no expiration date.
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
2019-02-20