Heidi R. Roth - Jan 31, 2023 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role
Executive Vice President & Chief Administrative Officer
Signature
/s/ Heidi R. Roth
Stock symbol
KRC
Transactions as of
Jan 31, 2023
Transactions value $
-$138,539
Form type
4
Date filed
2/2/2023, 07:47 PM
Previous filing
Jan 13, 2023
Next filing
Feb 8, 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 Options Exercise $0 +9.77K +18.85% $0.00 61.6K Jan 31, 2023 Direct
transaction KRC Common stock, par value $0.01 per share Tax liability -$139K -3.38K -5.49% $41.00 58.2K Feb 2, 2023 Direct F1

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 +5.73K +44.75% $0.00 18.5K Jan 31, 2023 Common Stock 5.73K Direct F2, F3
transaction KRC Restricted Stock Units Award $0 +9.32K +50.32% $0.00 27.8K Jan 31, 2023 Common Stock 9.32K Direct F2, F4
transaction KRC Restricted Stock Units Options Exercise $0 -9.77K -35.09% $0.00 18.1K Jan 31, 2023 Common Stock 9.77K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common stock tendered to pay tax withholding.
F2 Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F3 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 performance. The number of units reported reflects the additional number of units that vested based on 2021 and 2022 performance.
F4 The reporting person was awarded performance units in 2022 covering a three-year performance period ending December 31, 2024. The number of units reported reflects the minimum number of units eligible to vest based on 2022 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 18,644.8609 units may vest for the three-year performance period based on the Issuer's performance for that three-year period.
F5 The performance units were awarded in 2020 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2023) was determined based on a three-year performance period ending December 31, 2022. The units are payable in shares of the Issuer's common stock.

Remarks:

Executive Vice President & Chief Administrative Officer