SEC Form 4 · accession 0001584011-16-000010
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · KTOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald R Beaman
Officer — President, US Division
Period of report
Aug 17, 2016
Accepted (ET)
Aug 19, 2016 · 7:25 pm EDT
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 StockF2,F4 | Aug 17, 2016 | M | 3,000 | $0.00 | A | 82,506 | D | |
| Common StockF3,F4 | Aug 17, 2016 | F | 1,127 | $5.67 | D | 81,379 | D | |
| Common StockF2,F4 | Aug 17, 2016 | M | 3,000 | $0.00 | A | 84,379 | D | |
| Common StockF3,F4 | Aug 17, 2016 | F | 1,127 | $5.89 | D | 83,252 | 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 UnitsF1,F2 | — | Aug 17, 2016 | M | 3,000 | D | — | — | Common Stock | 3,000 | 18,000 | D |
| Restricted Stock UnitsF1,F2 | — | Aug 17, 2016 | M | 3,000 | D | — | — | Common Stock | 3,000 | 15,000 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) represents a contingent right to receive one share of Issuer's common stock.
- F2RSUs were granted and previously reported on a Form 4 filed January 5, 2016. Of these RSUs, two tranches of 3,000 were released on August 17, 2016.
- F3Shares withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released as reported in this Form 4.
- F4Includes 7,320 shares purchased through Issuer's Employee Stock Purchase Plan; 6,767 shares held in Issuer's 401(k) Plan; and 50,000 RSUs granted on August 5, 2016 which vest in three equal installments annually beginning August 5, 2017 subject to the terms of the RSU agreement, as reported on the Form 4 filed August 8, 2016.