A. Robert Paratte - 31 Jan 2023 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role
Executive Vice President, Chief Leasing Officer & Senior Advisor to the Chairman
Signature
/s/ Tyler H. Rose, as attorney-in-fact for A. Robert Paratte
Issuer symbol
KRC
Transactions as of
31 Jan 2023
Net transactions value
-$422,095
Form type
4
Filing time
02 Feb 2023, 19:48:01 UTC
Previous filing
13 Jan 2023
Next filing
08 Feb 2023
SEC
View on sec.gov

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 +20,764 +94% $0.000000 42,879 31 Jan 2023 Direct
transaction KRC Common stock, par value $0.01 per share Tax liability $422,095 -10,295 -24% $41.00 32,584 02 Feb 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 +12,172 +46% $0.000000 38,552 31 Jan 2023 Common Stock 12,172 Direct F2, F3
transaction KRC Restricted Stock Units Award $0 +15,848 +41% $0.000000 54,400 31 Jan 2023 Common Stock 15,848 Direct F2, F4
transaction KRC Restricted Stock Units Options Exercise $0 -20,765 -38% $0.000000 33,635 31 Jan 2023 Common Stock 20,765 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 31,695.9501 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 Leasing Officer & Senior Advisor to the Chairman