SEC Form 4 · accession 0001335786-17-000001

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · KTOS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President, PSS Division

Period of report

Jan 3, 2017

Accepted (ET)

Jan 5, 2017 · 8:47 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001069258

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F4	Jan 3, 2017	M	22,500	$0.00	A	71,788	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F1	—	Jan 3, 2017	M	22,500	D	—	—	Common Stock	22,500	0	D
Restricted Stock Units^F3,F2	—	Jan 4, 2017	A	30,000	A	—	—	Common Stock	30,000	30,000	D

F1Common Stock issued to reporting person pursuant to settlement of vested shares under Restricted Stock Unit (RSU) granted on January 3, 2012, which vest 100% on the five year anniversary of the date of grant, unless earlier vested pursuant to the terms of the RSU agreement.
F215,000 Restricted Stock Units (RSUs) vest 100% on the five year anniversary of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement. The other 15,000 RSUs vest 20% upon each 10% increase in the closing market price of the Issuer's common stock measured from the RSU grant date through the 10-year anniversary of the RSU grant date, unless earlier vested or terminated pursuant to the terms of the RSU agreement (provided that such increase in the closing market price of common stock is sustained for twenty consecutive trading days).
F3Each RSU represents a contingent right to receive one share of Issuer's common stock.
F4Includes 2,352 shares purchased through Issuer's Employee Stock Purchase Plan.