A. Robert Paratte - 28 Jan 2022 Form 4 Insider Report for KILROY REALTY CORP (KRC)

Role
Executive Vice President, Head of Leasing and Business Development
Signature
/s/ Tyler H. Rose, as attorney-in-fact for A. Robert Paratte
Issuer symbol
KRC
Transactions as of
28 Jan 2022
Net transactions value
-$530,566
Form type
4
Filing time
01 Feb 2022, 17:45:15 UTC
Previous filing
18 Jan 2022
Next filing
14 Feb 2022
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 Award $0 +6,741 +37% $0.000000 24,820 28 Jan 2022 Direct F1
transaction KRC Common stock, par value $0.01 per share Options Exercise $0 +18,230 +73% $0.000000 43,050 28 Jan 2022 Direct
transaction KRC Common stock, par value $0.01 per share Tax liability $530,566 -8,415 -20% $63.05 34,635 31 Jan 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 +7,813 +42% $0.000000 26,454 28 Jan 2022 Common Stock 7,813 Direct F3, F4
transaction KRC Restricted Stock Units Award $0 +17,023 +64% $0.000000 43,477 28 Jan 2022 Common Stock 17,023 Direct F3, F5
transaction KRC Restricted Stock Units Options Exercise $0 -18,230 -42% $0.000000 25,246 28 Jan 2022 Common Stock 18,230 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 34,046.1186 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, Head of Leasing and Business Development