KILROY REALTY CORP — Director's Dealing 2017

Jul 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KILROY REALTY CORP (NYSE: KRC)
CIK: 0001025996
Period of Report: 2017-07-20

Reporting Person: Smart Justin William (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-20	Common stock, par value $0.01 per share	M	13781	—	Acquired	97232.3996	Direct
2017-07-20	Common stock, par value $0.01 per share	M	3813	—	Acquired	101045.3996	Direct
2017-07-20	Common stock, par value $0.01 per share	F	8769	$73.50	Disposed	92276.3996	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-20	Restricted Stock Units	$	M	13781.3111	Disposed		Common Stock (13781.3111)	Direct
2017-07-20	Restricted Stock Units	$	M	3813.0737	Disposed		Common Stock (3813.0737)	Direct

Footnotes

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 and may be settled in cash under certain circumstances.

F3: The reporting person was awarded performance units in 2014 covering a three-year performance period ending December 31, 2016. The total number of units subject to the award that actually vested were paid in an equivalent number of shares of Issuer common stock with the fractional share amount settled in cash.

F4: 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. Fractional share amount settled in cash.