KBR, INC. — Director's Dealing 2010

Oct 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KBR, INC. (KBR)
CIK: 0001357615
Period of Report: 2010-10-06

Reporting Person: BALDWIN DENNIS S (VP Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-06	Common Stock	A	1400	—	Acquired	1400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-06	Stock Options	$25.16	A	5000	Acquired	2020-10-06	Common Stock (5000)	Direct

Footnotes

F1: Restricted stock units will convert to common stock on a 1-to-1 ratio. These units vest over five years with 20% vesting on the first anniversary of the grant date, and 20% on each anniversary thereafter.

F2: These options vest at a rate of 33 1/3% on the first anniversary, 66 2/3% on the second anniversary and 100% on the third anniversary from the original date of grant.