0001246991-21-000096.txt : 20210204 0001246991-21-000096.hdr.sgml : 20210204 20210204160057 ACCESSION NUMBER: 0001246991-21-000096 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210202 FILED AS OF DATE: 20210204 DATE AS OF CHANGE: 20210204 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Walsh Michael R. CENTRAL INDEX KEY: 0001637104 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50209 FILM NUMBER: 21591035 MAIL ADDRESS: STREET 1: 800 BOYLSTON STREET STREET 2: SUITE 1900 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_161247244244290.xml FORM 4 X0306 4 2021-02-02 0 0001043121 BOSTON PROPERTIES LTD PARTNERSHIP N/A 0001637104 Walsh Michael R. 800 BOYLSTON STREET BOSTON MA 02199 0 1 0 0 SVP & Chief Acctg. Off. of GP LTIP Units 2021-02-02 4 A 0 666 0.25 A Common OP Units 666.0 10024 D Issued as long term incentive compensation pursuant to Boston Properties, Inc.'s ("BPI"), the Issuer's general partner, 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 redeemed, 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 redemption for one share of common stock of BPI. LTIP Units have no expiration date. The 666 LTIP Units may be earned based on the achievement of certain performance criteria based on BPI's total shareholder return over a three-year performance period ending on February 1, 2024. Any LTIP Units earned pursuant to the 2021 Program will vest in full on February 1, 2024, with each earned LTIP Unit and Common OP Unit acquired upon conversion of such LTIP Unit 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. /s/ Kelli A. DiLuglio, as Attorney-in-Fact 2021-02-04