Tyler H. Rose - Jan 28, 2022 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role: President
Signature: /s/ Tyler H. Rose
Stock symbol: KRC
Transactions as of: Jan 28, 2022
Transactions value $: -$78,686
Form type: 4
Date filed: 2/1/2022, 05:43 PM
Previous filing: Jan 18, 2022
Next filing: Apr 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRC	Common stock, par value $0.01 per share	Award	$0	+7.53K	+4.98%	$0.00	159K	Jan 28, 2022	Direct	F1
transaction	KRC	Common stock, par value $0.01 per share	Options Exercise	$0	+30.1K	+18.94%	$0.00	189K	Jan 28, 2022	Direct
transaction	KRC	Common stock, par value $0.01 per share	Tax liability	-$78.7K	-1.25K	-0.66%	$63.05	188K	Jan 31, 2022	Direct	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	KRC	Restricted Stock Units	Award	$0	+12.9K	+47.3%	$0.00	40.1K	Jan 28, 2022	Common Stock	12.9K		Direct	F3, F4
transaction	KRC	Restricted Stock Units	Award	$0	+19K	+47.41%	$0.00	59.2K	Jan 28, 2022	Common Stock	19K		Direct	F3, F5
transaction	KRC	Restricted Stock Units	Options Exercise	$0	-30.1K	-50.83%	$0.00	29.1K	Jan 28, 2022	Common Stock	30.1K		Direct	F3, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Award of restricted stock units granted pursuant to the Kilroy Realty 2006 Incentive Award Plan. Each restricted stock unit carries with it a right to receive dividend equivalents in respect of the share of stock underlying such restricted stock unit.
F2	Restricted stock units tendered to pay tax withholding.
F3	Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F4	The reporting person was awarded performance units in 2019 covering a three-year performance period ending December 31, 2021. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2019 performance. The number of units reported reflects the additional number of units that vested based on 2020 and 2021 performance.
F5	The reporting person was awarded performance units in 2021 covering a three-year performance period ending December 31, 2023. The number of units reported reflects the minimum number of units eligible to vest based on 2021 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 38,051.6352 units may vest for the three-year performance period based on the Issuer's performance for that three-year period.
F6	The performance units were awarded in 2019 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2022) was determined based on a three-year performance period ending December 31, 2021. The units are payable in shares of the Issuer's common stock.