SEC Form 4 · accession 0001584011-16-000011
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
Sep 22, 2016
Accepted (ET)
Sep 23, 2016 · 8:03 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 | Sep 22, 2016 | M | 3,000 | $0.00 | A | 86,423 | D | |
| Common StockF3,F4 | Sep 22, 2016 | F | 1,127 | $7.39 | D | 85,296 | 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 | — | Sep 22, 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, 2015. Of these RSUs, 3,000 were released on September 22, 2016.
- F3Shares withheld in a net transaction to satisfy 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; 6,938 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.