Justin William Smart - Jan 11, 2023 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Signature
/s/ Tyler H. Rose, as attorney-in-fact for Justin William Smart
Stock symbol
KRC
Transactions as of
Jan 11, 2023
Transactions value $
-$119,980
Form type
4
Date filed
1/13/2023, 04:10 PM
Previous filing
Oct 13, 2022
Next filing
Feb 2, 2023

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 +556 +0.31% $0.00 177K Jan 11, 2023 Direct F1
transaction KRC Common stock, par value $0.01 per share Tax liability -$22.3K -564 -0.32% $39.48 177K Jan 12, 2023 Direct F2
transaction KRC Common stock, par value $0.01 per share Tax liability -$97.7K -2.4K -1.36% $40.68 174K Jan 13, 2023 Direct F3

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 +130 +0.44% $0.00 29.9K Jan 11, 2023 Common Stock 130 Direct F4, F5, F6
transaction KRC Restricted Stock Units Award $0 +268 +0.9% $0.00 30.1K Jan 11, 2023 Common Stock 268 Direct F4, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units in respect of dividend equivalent rights with respect to underlying restricted stock unit awards previously reported on Table I, which were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.
F2 Restricted stock units tendered to pay tax withholding.
F3 Common stock tendered to pay tax withholding.
F4 Crediting of restricted stock units in respect of dividend equivalent rights with respect to underlying restricted stock unit awards previously reported on Table II, which were granted pursuant to the Kilroy Realty 2006 Incentive Award Plan and the terms of the applicable award agreement.
F5 Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F6 The reporting person was awarded performance units in 2020 covering a three-year performance period ending December 31, 2022. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2020 and 2021 performance. The number of units reported reflects the additional minimum number of units eligible to vest as a result of the crediting of restricted stock units in respect of dividend equivalent rights. The units remain subject to additional time-based vesting requirements.
F7 The reporting person was awarded performance units in 2021 covering a three-year performance period ending December 31, 2023. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2021 performance. The number of units reported reflects the additional minimum number of units eligible to vest as a result of the crediting of restricted stock units in respect of dividend equivalent rights. The units remain subject to additional time-based vesting requirements.

Remarks:

President, Development and Construction