8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15 (d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

March 15, 2012

KILROY REALTY CORPORATION

KILROY REALTY, L.P.

(Exact name of registrant as specified in its charter)

Maryland (Kilroy Realty Corporation)	001-12675 (Kilroy Realty Corporation)	95-4598246 (Kilroy Realty Corporation)
Delaware (Kilroy Realty, L.P.)	000-54005 (Kilroy Realty, L.P.)	95-4612685 (Kilroy Realty, L.P.)
(State or other jurisdiction of	(Commission File Number)	(IRS Employer Identification No.)
incorporation)

12200 W. Olympic Boulevard, Suite 200, Los Angeles, California	90064
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  (310) 481-8400

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On March 15, 2012, Kilroy Realty Corporation (the “Company”) issued a press release to announce that it is calling for redemption all outstanding shares of its 7.80% Series E Cumulative Preferred Shares (NYSE: KRC-PRE) and all of its 7.50% Series F Cumulative Redeemable Preferred Stock (NYSE: KRC-PRF) on April 16, 2012.  Shares of the Company’s Series E Preferred Stock and Series F Preferred Stock called for redemption will be redeemed at a redemption price of $25.00 per share, plus accumulated and unpaid dividends up to and including the redemption date of April 16, 2012, and dividends on the shares of Series E Preferred Stock and Series F Preferred Stock called for redemption will cease to accrue on such date.

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

99.1 Press Release dated March 15, 2012 issued by Kilroy Realty Corporation

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KILROY REALTY CORPORATION
By:	/s/ Heidi R. Roth
	Heidi R. Roth
	Senior Vice President, Chief Accounting Officer and Controller

Date:  March 19, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KILROY REALTY, L.P.
By:	KILROY REALTY CORPORATION,
	Its general partner
By:	/s/ Heidi R. Roth
	Heidi R. Roth
	Senior Vice President, Chief Accounting Officer and Controller

Date:  March 19, 2012

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EXHIBIT INDEX

Exhibit  Number	Description
99.1	Press Release dated March 15, 2012 issued by Kilroy Realty Corporation

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EX-99.1

Exhibit 99.1

Contact:	FOR RELEASE:
Tyler H. Rose	March 15, 2012
Executive Vice President
and Chief Financial Officer
(310) 481-8484
or
Michelle Ngo
Vice President and Treasurer
(310) 481-8581

KILROY REALTY CORPORATION TO REDEEM ALL OUTSTANDING SHARES OF 7.80% SERIES E AND 7.50% SERIES F CUMULATIVE REDEEMABLE PREFERRED STOCK

LOS ANGELES, March 15, 2012 — Kilroy Realty Corporation (NYSE: KRC) today announced that it intends to redeem all of its 1,610,000 outstanding shares of 7.80% Series E Cumulative Redeemable Preferred Stock (NYSE: KRC-PRE) and all of its 3,450,000 outstanding shares of 7.50% Series F Cumulative Redeemable Preferred Stock (NYSE: KRC-PRF).  The shares of Series E Preferred Stock and Series F Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus accumulated and unpaid dividends up to and including the redemption date of April 16, 2012, and dividends on the shares of Series E Preferred Stock and Series F Preferred Stock will cease to accrue on such date.  On or after April 16, 2012, the only remaining rights of the holders of shares of Series E Preferred Stock and Series F Preferred Stock will be to receive payment of the redemption price, plus accumulated and unpaid dividends up to and including the redemption date.

The Notice of Redemption and related materials will be mailed to holders of shares of Series E Preferred Stock and the Series F Preferred Stock on or around March 15, 2012.  As specified in the Notice of Redemption, payment of the redemption price will be made only upon presentation and surrender of the certificates representing the shares of Series E Preferred Stock and Series F Preferred Stock during normal business hours at one of the following locations of the redemption agent, Computer Shareholder Services LLC.  If delivered by mail, certificates should be sent to BNY Mellon Shareowner Services, Attn: Corporate Action Dept., P.O. Box 3300, South Hackensack, NJ  07606-1900 and if delivered by overnight courier or by hand, to BNY Mellon Shareowner Services, Attn: Corporate Action Dept., 480 Washington Blvd., 27th Floor, Jersey City. NJ  07310. Questions relating to the Notice of Redemption and related materials should be directed to Computer Shareholder Services LLC, telephone number (800) 777-3674.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements are based on the Company’s current expectations, beliefs and assumptions, and are not guarantees of future performance.  Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of the Company’s control.  Accordingly, actual events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or outcomes.  Numerous factors could cause actual future events to differ materially from those indicated in the forward-looking statements, including, among others:  the ability of the Company to successfully redeem shares of its presently outstanding preferred stock The factors included in this press release are not exhaustive and additional factors could adversely affect the Company’s business and financial performance.  For a discussion of additional risk factors, see the factors included under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011, and the Company’s other filings with the Securities and Exchange Commission.  All forward-looking statements are based on currently available information and speak only as of the date on which they are made.  The Company assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws.

Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a real estate investment trust active in the office and industrial submarkets along the West Coast.  For over 60 years, KRC has owned, developed, acquired and managed real estate assets, consisting primarily of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.  At December 31, 2011, KRC owned approximately 11.4 million rentable square feet of commercial office space and 3.4 million rentable square feet of industrial space.

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