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KILROY REALTY CORP — Director's Dealing 2021
Feb 2, 2021
31009_dirs_2021-02-02_2f2a0ff1-a05c-4b35-a5a5-a078dd958119.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KILROY REALTY CORP (NYSE: KRC)
CIK: 0001025996
Period of Report: 2021-01-29
Reporting Person: Smart Justin William (See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-29 | Common stock, par value $0.01 per share | M | 28622 | — | Acquired | 161157.2749 | Direct |
| 2021-02-01 | Common stock, par value $0.01 per share | F | 13465 | $56.63 | Disposed | 147692.2749 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-29 | Restricted Stock Units | $ | A | 12266.8513 | Acquired | Common Stock (12266.8513) | Direct | |
| 2021-01-29 | Restricted Stock Units | $ | A | 8924.5321 | Acquired | Common Stock (8924.5321) | Direct | |
| 2021-01-29 | Restricted Stock Units | $ | M | 28622.2908 | Disposed | Common Stock (28622.2908) | Direct |
Footnotes
F1: Restricted stock units tendered to pay tax withholding.
F2: Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F3: The reporting person was awarded performance units in 2018 covering a three-year performance period ending December 31, 2020. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2018 and 2019 performance. The number of units reported reflects the additional number of units that vested based on 2020 performance.
F4: The reporting person was awarded performance units in 2020 covering a three-year performance period ending December 31, 2022. The number of units reported reflects the minimum number of units eligible to vest based on 2020 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 17,849.0641 units may vest for the three-year performance period based on the Issuer's performance for that three-year period.
F5: The performance units were awarded in 2018 and the final number of units subject to the award (as adjusted for dividend equivalents through January 31, 2021) was determined based on a three-year performance period ending December 31, 2020. The units are payable in shares of the Issuer's common stock.