SEC Form 4 · accession 0001025996-16-000248
KILROY REALTY CORP · KRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey C Hawken
Officer — EVP and COO
Period of report
Jan 9, 2016
Accepted (ET)
Jan 12, 2016 · 5:36 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 9, 2016 | A | 16,955 | $0.00 | A | 349,398 | 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 UnitsF2,F3 | — | Jan 9, 2016 | A | 16,955 | A | — | — | Common Stock | 16,955 | 68,963 | D |
Explanation of responses
- F1Represents an award of restricted stock units vesting in four equal annual installments on December 31 of each of 2016 - 2019, subject to continued employment with the Issuer through the applicable vesting date.
- F2Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F3The restricted stock units vest, subject to continued employment with the Issuer through each vesting date, as to 1/4th of the units for each calendar year during 2016 - 2019 based on the achievement of total stockholder return hurdles on either a relative or an absolute basis for the applicable calendar year. If neither of the total stockholder return hurdles are achieved for an applicable year during the performance period, those units will remain eligible to vest in a subsequent year (ending on December 31, 2019) if the Issuer achieves a cumulative total stockholder return goal as of the end of that year.