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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>UNITED
      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
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      D.C. 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Pursuant
      to Section&#160;13 OR 15(d) of The Securities Exchange Act of
      1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date
      of
      Report (Date of earliest event reported):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">June
      18,
      2007</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman;"><strong>KILROY
      REALTY CORPORATION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(Exact
      name of registrant as specified in its charter)</strong></font></div>
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            <td valign="middle" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="middle" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            </td>
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                or other jurisdiction</strong></font></div>
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                incorporation)</strong></font></div>
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                Number)</strong></font></div>
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                Employer</strong></font></div>
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                No.)</strong></font></div>
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            <td valign="middle" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="middle" width="31%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                W. Olympic Boulevard, Suite 200, Los Angeles,
                California</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>(Address
                of principal executive offices)</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td valign="top" width="31%">
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                Code)</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Registrant&#8217;s
      telephone number, including area code: (310)&#160;481-8400</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">N/A</font></div>
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      name or former address, if changed since last report.)</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">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 Instruction A.2. below):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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            </td>
            <td align="left" valign="top" width="75%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
            </td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
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            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings;">&#168;</font></div>
            </td>
            <td align="left" valign="top" width="75%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
            </td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings;">&#168;</font></div>
            </td>
            <td align="left" valign="top" width="75%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings;">&#168;</font></div>
            </td>
            <td align="left" valign="top" width="75%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>ITEM&#160;5.02</strong></font></div>
            </td>
            <td align="left" valign="top" width="70%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>DEPARTURE
                OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT
                OF
                PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
                OFFICERS.</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Kilroy
      Realty Corporation (the
&#8220;Company&#8221;) adopted the Kilroy Realty Corporation 2007 Deferred Compensation Plan
      (the &#8220;Plan&#8221;), effective as of June 29, 2007 under which directors and certain
      management employees of the Company and certain affiliates (&#8220;Participants&#8221;) may
      defer receipt of their compensation, including up to 70% of their salaries
      and
      up to 100% of their director fees and bonuses, each as applicable.&#160;&#160;In
      addition, eligible management employees will generally receive monthly Company
      contributions to their Plan accounts equal to 10% of their respective gross
      monthly base salaries, without regard to whether such employees elect to defer
      salary or bonus compensation under the Plan.&#160;&#160;The Company may, but has
      no obligation to, make additional discretionary contributions to Participant
      Accounts based on performance metrics determined by the Company, subject to
      such
      additional terms and conditions as the Company may determine.&#160;&#160;Amounts
      held under the Plan, including deferrals, company contributions and any notional
      gains credited to Participant accounts, will not be subject to federal or state
      income taxes until these amounts are ultimately distributed to the
      Participants.&#160;&#160;These amounts will, however, be subject to employment
      taxes at the time at which such amounts are earned.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Participant
      elections with respect to
      deferrals of compensation and distributions must generally be made in the year
      preceding that in which the compensation is earned, except that elections with
      respect to performance-based bonuses may be&#160;made as late as six months
      prior to the end of the applicable performance period (June 30<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>th</sup></font> in the
      case of a
      calendar-year performance period).&#160;&#160;In addition, newly eligible
      Participants may be able to make deferrals elections up to thirty days after
      they first become eligible to participate in the Plan, if later than the end
      of
      the year preceding that in which such deferred amounts will be
      earned.&#160;&#160;Participants may only change existing elections with respect
      to distributions if they satisfy certain requirements set forth in the Plan,
      including that they do so no later than twelve months prior to the first
      scheduled distribution and that they extend their deferral elections by at
      least
      five years.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Participants
      will be permitted to
      allocate (and reallocate) their deferrals, as well as company contributions
      and
      any notional earnings on either of the foregoing, amongst various investment
      alternatives made available by the Plan administrator for purposes of
      determining any notional gains or losses on Participant account
      balances.&#160;&#160;These allocations will be hypothetical only and will not
      give Participants ownership interest in any actual assets of the Company or
      any
      trust funding obligations under the Plan, however, the Company may set aside
      assets to fund its obligations under the Plan in a limited (&#8220;rabbi&#8221;) trust,
      subject to the claims of the Company&#8217;s creditors in the event of the Company&#8217;s
      bankruptcy or insolvency.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Participants
      may elect to receive
      distributions of their accounts (other than distributions of Company
      contributions) (i) while still in the service of the Company, in either a lump
      sum or in two to five annual installments occurring (or beginning) no earlier
      than two years after such amounts were earned, (ii) upon retirement from
      service, in a lump sum or up to fifteen annual installments (beginning no
      earlier than six months after retirement), or (iii) upon a change of control,
      in
      full.&#160;&#160;Participant elections may also provide for payment upon the
      earliest to occur of any two or more of the foregoing events (subject to the
      distribution limitations applicable to Company contributions).&#160;&#160;If a
      Participant separates from service with the Company and its affiliates for
      any
      reason other than due to the Participant&#8217;s death, disability or retirement, the
      remaining balance of the Participant&#8217;s account will generally be distributed in
      full six months after the occurrence of such separation from
      service.&#160;&#160;In addition, a Participant&#8217;s account balance will be
      distributed as soon as possible following the Participant&#8217;s death or
      disability.&#160;&#160;All such separation, death and disability distributions
      will be made without regard to any Participant election(s).</font></div>
    <div><br></div>
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      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.</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">KILROY
                REALTY CORPORATION</font></div>
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                June 22, 2007</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                Heidi R. Roth</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                R. Roth</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><em>Senior
                Vice President and Controller</em></font></div>
            </td>
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d8k.htm
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):
June
      18,
      2007
KILROY
      REALTY CORPORATION
(Exact
      name of registrant as specified in its charter)
Maryland
1-12675
95-4598246
(State
                or other jurisdiction
of
                incorporation)
(Commission
File
                Number)
(IRS
                Employer
Identification
                No.)
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 Instruction A.2. below):
¨
Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)
¨
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)
¨
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))
¨
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))
ITEM 5.02
DEPARTURE
                OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT
                OF
                PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
                OFFICERS.
Kilroy
      Realty Corporation (the
"Company") adopted the Kilroy Realty Corporation 2007 Deferred Compensation Plan
      (the "Plan"), effective as of June 29, 2007 under which directors and certain
      management employees of the Company and certain affiliates ("Participants") may
      defer receipt of their compensation, including up to 70% of their salaries
      and
      up to 100% of their director fees and bonuses, each as applicable.  In
      addition, eligible management employees will generally receive monthly Company
      contributions to their Plan accounts equal to 10% of their respective gross
      monthly base salaries, without regard to whether such employees elect to defer
      salary or bonus compensation under the Plan.  The Company may, but has
      no obligation to, make additional discretionary contributions to Participant
      Accounts based on performance metrics determined by the Company, subject to
      such
      additional terms and conditions as the Company may determine.  Amounts
      held under the Plan, including deferrals, company contributions and any notional
      gains credited to Participant accounts, will not be subject to federal or state
      income taxes until these amounts are ultimately distributed to the
      Participants.  These amounts will, however, be subject to employment
      taxes at the time at which such amounts are earned.
Participant
      elections with respect to
      deferrals of compensation and distributions must generally be made in the year
      preceding that in which the compensation is earned, except that elections with
      respect to performance-based bonuses may be made as late as six months
      prior to the end of the applicable performance period (June 30
th
in the
      case of a
      calendar-year performance period).  In addition, newly eligible
      Participants may be able to make deferrals elections up to thirty days after
      they first become eligible to participate in the Plan, if later than the end
      of
      the year preceding that in which such deferred amounts will be
      earned.  Participants may only change existing elections with respect
      to distributions if they satisfy certain requirements set forth in the Plan,
      including that they do so no later than twelve months prior to the first
      scheduled distribution and that they extend their deferral elections by at
      least
      five years.
Participants
      will be permitted to
      allocate (and reallocate) their deferrals, as well as company contributions
      and
      any notional earnings on either of the foregoing, amongst various investment
      alternatives made available by the Plan administrator for purposes of
      determining any notional gains or losses on Participant account
      balances.  These allocations will be hypothetical only and will not
      give Participants ownership interest in any actual assets of the Company or
      any
      trust funding obligations under the Plan, however, the Company may set aside
      assets to fund its obligations under the Plan in a limited ("rabbi") trust,
      subject to the claims of the Company's creditors in the event of the Company's
      bankruptcy or insolvency.
Participants
      may elect to receive
      distributions of their accounts (other than distributions of Company
      contributions) (i) while still in the service of the Company, in either a lump
      sum or in two to five annual installments occurring (or beginning) no earlier
      than two years after such amounts were earned, (ii) upon retirement from
      service, in a lump sum or up to fifteen annual installments (beginning no
      earlier than six months after retirement), or (iii) upon a change of control,
      in
      full.  Participant elections may also provide for payment upon the
      earliest to occur of any two or more of the foregoing events (subject to the
      distribution limitations applicable to Company contributions).  If a
      Participant separates from service with the Company and its affiliates for
      any
      reason other than due to the Participant's death, disability or retirement, the
      remaining balance of the Participant's account will generally be distributed in
      full six months after the occurrence of such separation from
      service.  In addition, a Participant's account balance will be
      distributed as soon as possible following the Participant's death or
      disability.  All such separation, death and disability distributions
      will be made without regard to any Participant election(s).
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
Date:
                June 22, 2007
By
/s/
                Heidi R. Roth
Heidi
                R. Roth
Senior
                Vice President and Controller