SEC Form 4 · accession 0001025996-18-000010
KILROY REALTY CORP · KRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John B Kilroy Jr.
Officer — Chairman, President and CEO · Director
Period of report
Jan 5, 2018
Accepted (ET)
Jan 9, 2018 · 6:49 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 share | Jan 5, 2018 | M | 7,945 | $0.00 | A | 761,115 | D | |
| Common stock, par value $0.01 per shareF1 | Jan 5, 2018 | F | 15,778 | $72.14 | D | 745,337 | D | |
| Common stock, par value $0.01 per share | Jan 9, 2018 | M | 14,748 | $0.00 | A | 760,085 | 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 5, 2018 | M | 7,946 | D | — | — | Common Stock | 7,946 | 225,773 | D |
| Restricted Stock UnitsF4,F5 | — | Jan 9, 2018 | M | 14,748 | D | — | — | Common Stock | 14,748 | 211,025 | D |
Explanation of responses
- F1Common stock tendered to pay tax withholding.
- F2Each restricted stock unit represents a contingent right to receive one share of Issuer common stock and may be settled in cash under certain circumstances.
- F3The 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.
- F4Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F5The restricted stock units vest, subject to continued employment with the Issuer through the applicable vesting date, as to 1/7th of the shares for each calendar year during 2012 - 2018 based on the achievement of annual 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 acheived for an applicable year during the performance period, those units will remain eligible to vest in a subsequent year (ending on December 31, 2018) if the Issuer achieves a cumulative total stockholder return goal as of the end of that year.