Justin William Smart - Jan 28, 2022 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role
Executive Vice President, Development and Construction Services
Signature
/s/ Tyler H. Rose, as attorney-in-fact for Justin William Smart
Stock symbol
KRC
Transactions as of
Jan 28, 2022
Transactions value $
-$804,770
Form type
4
Date filed
2/1/2022, 05:43 PM
Previous filing
Jan 18, 2022
Next filing
Apr 15, 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 +4.91% $0.00 161K Jan 28, 2022 Direct F1
transaction KRC Common stock, par value $0.01 per share Options Exercise $0 +27.3K +16.96% $0.00 188K Jan 28, 2022 Direct
transaction KRC Common stock, par value $0.01 per share Tax liability -$805K -12.8K -6.77% $63.05 176K 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 +11.7K +46.02% $0.00 37.2K Jan 28, 2022 Common Stock 11.7K Direct F3, F4
transaction KRC Restricted Stock Units Award $0 +19K +51.19% $0.00 56.2K Jan 28, 2022 Common Stock 19K Direct F3, F5
transaction KRC Restricted Stock Units Options Exercise $0 -27.3K -48.64% $0.00 28.9K Jan 28, 2022 Common Stock 27.3K 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 Common stock 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.

Remarks:

Executive Vice President, Development and Construction Services