SEC Form 4 · accession 0001509409-16-000011

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · KTOS

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

Reporting owner

Officer — President, TTS Division

Period of report

Jan 3, 2016

Accepted (ET)

Jan 5, 2016 · 7:43 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, 2016	M	15,000	$0.00	A	80,870	D
Common Stock	holding	—	—		—	23,394	I	by trust

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, 2016	M	15,000	D	—	—	Common Stock	15,000	0	D
Restricted Stock Units^F3,F2	—	Jan 4, 2016	A	80,000	A	—	—	Common Stock	80,000	80,000	D

F1Common Stock issued to reporting person pursuant to settlement of vested shares under Restricted Stock Unit (RSU) granted on January 3, 2011, which vest 100% on the five year anniversary of the date of grant, unless earlier vested pursuant to the terms of the RSU agreement.
F240,000 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 40,000 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.
F3Each RSU represents a contingent right to receive one share of Issuer's common stock.
F4Includes 11,277 shares purchased through Issuer's Employee Stock Purchase Plan and 11,820 shares held in Issuer's 401(k) Plan.