SEC Form 4 · accession 0001025996-15-000066
KILROY REALTY CORP · KRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Justin William Smart
Officer — See Remarks
Period of report
Jan 27, 2015
Accepted (ET)
Jan 29, 2015 · 7:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001025996
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $0.01 per shareF1 | Jan 27, 2015 | A | 6,637 | $0.00 | A | 80,485 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Jan 27, 2015 | A | 12,201 | A | — | — | Common Stock | 12,201 | 17,857 | D |
Explanation of responses
- F1Award of restricted stock units granted pursuant to 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.
- F2Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F3The number of units reported reflects the minimum number of units eligible to vest based on the Issuer's funds from operations per share for 2014, subject to additional time-based vesting requirements. Up to approximately 143% of the number of units reported may ultimately vest after the three-year performance period ending December 31, 2016, with the actual number to be based on the Issuer's relative total shareholder return for each year in the performance period.
Remarks
Executive Vice President, Development and Construction Services