KILROY REALTY CORP — Director's Dealing 2017

Oct 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KILROY REALTY CORP (NYSE: KRC)
CIK: 0001025996
Period of Report: 2017-10-18

Reporting Person: ROSE TYLER H (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-18	Common stock, par value $0.01 per share	A	682.8736	—	Acquired	92058.6486	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-18	Restricted Stock Units	$	A	120.3173	Acquired		Common Stock (120.3173)	Direct
2017-10-18	Restricted Stock Units	$	A	39.9074	Acquired		Common Stock (39.9074)	Direct
2017-10-18	Restricted Stock Units	$	A	105.2433	Acquired		Common Stock (105.2433)	Direct
2017-10-18	Restricted Stock Units	$	A	115.6619	Acquired		Common Stock (115.6619)	Direct

Footnotes

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 and may be settled in cash under certain circumstances.

F4: Dividend equivalents on deferred vested restricted stock units that were awarded in 2014 and previously reported on Table II.

F5: The restricted stock units vest over a four-year period starting on January 5, 2015, subject to continued employment with the Issuer on the applicable vesting date.

F6: Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.

F7: The reporting person was awarded performance units in 2015 covering a three-year performance period ending December 31, 2017. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2015 and 2016 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.

F8: The reporting person was awarded performance units in 2016 covering a three-year performance period ending December 31, 2018. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2016 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.