Justin William Smart - Apr 12, 2023 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role
President
Signature
/s/ Heidi R. Roth, as attorney-in-fact for Justin William Smart
Stock symbol
KRC
Transactions as of
Apr 12, 2023
Transactions value $
$0
Form type
4
Date filed
4/14/2023, 06:21 PM
Previous filing
Feb 8, 2023
Next filing
Jul 14, 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 +1.31K +0.61% $0.00 216K Apr 12, 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 +355 +0.93% $0.00 38.6K Apr 12, 2023 Common Stock 355 Direct F2, F3, F4
transaction KRC Restricted Stock Units Award $0 +316 +0.82% $0.00 38.9K Apr 12, 2023 Common Stock 316 Direct F2, F3, F5
* 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 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.
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 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 and 2022 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.
F5 The reporting person was awarded performance units in 2022 covering a three-year performance period ending December 31, 2024. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2022 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:

Exhibit 24 - Power of Attorney for Justin William Smart