KBR, INC. — Director's Dealing 2011

Mar 25, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: KBR, INC. (KBR)
CIK: 0001357615
Period of Report: 2011-03-15

Reporting Person: Oelking Roy (Group President, Hydrocarbons)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12772	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$11.71	2019-03-06	Common Stock (6240)		Direct
Stock Option	$21.19	2020-03-10	Common Stock (5523)		Direct
Stock Option	$33.65	2021-03-09	Common Stock (7803)		Direct

Footnotes

F1: This stock option grant made on March 6, 2009, vests over three years. With respect to this grant, 4,160 stock options have already vested; the remaining 2,080 stock options will vest on March 6, 2012.

F2: This stock option grant made on March 10, 2010, vests over three years. With respect to this grant, 1,874 stock options have already vested; an additional 1,874 stock options will vest on March 10, 2012, and the remaining 1,875 stock options will vest on March 10, 2013.

F3: This stock option grant made on March 9, 2011, vests over three years. With respect to this grant, 2,601 stock options will vest on March 9, 2012; an additional 2,601 stock options will vest on March 9, 2013, and the remaining 2,601 stock options will vest on March 9, 2014.