KILROY REALTY CORP — Director's Dealing 2011

Feb 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KILROY REALTY CORP (NYSE: KRC)
CIK: 0001025996
Period of Report: 2011-02-02

Reporting Person: DICKEY WILLIAM P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	Common stock, par value $0.01 per share	M	5000	$26.51	Acquired	5000	Indirect
2011-02-02	Common stock, par value $0.01 per share	M	5000	$25.77	Acquired	10000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-02	Stock Option for Common Stock	$26.51	M	5000	Disposed	2011-02-18	Common Stock (5000)	Direct
2011-02-02	Stock Option for Common Stock	$25.77	M	5000	Disposed	2012-02-19	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, par value $0.01 per share	36432.6567	Direct

Footnotes

F1: 100% owned by Mr. Dickey.

F2: The initial option grant vested in three equal installments on February 18, 2002, 2003, and 2004.

F3: The initial option grant vested in three equal installments on February 19, 2003, 2004, and 2005.