0001246991-24-000141.txt : 20240208 0001246991-24-000141.hdr.sgml : 20240208 20240208154339 ACCESSION NUMBER: 0001246991-24-000141 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240206 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PESTER ROBERT E CENTRAL INDEX KEY: 0001217108 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50209 FILM NUMBER: 24608787 MAIL ADDRESS: STREET 1: BOSTON PROPERTIES, INC. STREET 2: FOUR EMBARCADERO CENTER CITY: SAN FRANCISCO STATE: CA ZIP: 94111 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BOSTON PROPERTIES LTD PARTNERSHIP CENTRAL INDEX KEY: 0001043121 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction 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 wk-form4_1707425010.xml FORM 4 X0508 4 2024-02-06 0 0001043121 BOSTON PROPERTIES LTD PARTNERSHIP N/A 0001217108 PESTER ROBERT E C/O BOSTON PROPERTIES, INC. FOUR EMBARCADERO CENTER SAN FRANCISCO CA 94111 0 1 0 0 Executive Vice President of GP 0 LTIP Units 2024-02-06 4 A 0 3872 0.25 A Common OP Units 3872 100142 D Represents LTIP Units granted pursuant to the Boston Properties, Inc.'s ("BXP"), the Issuer's general partner, 2024 Multi-Year Long-Term Incentive Program (the "2024 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 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 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. The 3,872 LTIP Units may be earned based on the achievement of certain performance criteria based on BXP's total shareholder return over a three-year performance period ending on February 5, 2027. Any LTIP Units earned pursuant to the 2024 Program will vest in full on February 5, 2027, 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 2024-02-08