KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2013

Aug 12, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2013-08-05

Reporting Person: MILLS THOMAS E IV (Modular Systems Div. President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16768	Direct
Common Stock	8000	Direct
Common Stock	10000	Direct
Common Stock	5000	Direct

Footnotes

F1: Includes 1,141 shares held in Issuer's 401(k) Plan and 5,666 shares purchased through Issuer's Employee Stock Purchase Plan.

F2: The reporting person was granted 20,000 Restricted Stock Units (RSUs) on May 19, 2010, which vest 20% annually beginning May 10, 2011, unless earlier vested or forfeited pursuant to the terms of the RSU agreement. 8,000 RSUs rperesents the remaining unvested units. Each RSU represents a contingent right to receive one share of Issuer's common stock.

F3: The reporting person was granted 12,500 RSUs on January 3, 2011, 6,250 of which vest 20% annually beginning January 3, 2012 and 6,250 of which vest 100% on January 3, 2016, unless earlier vested or forfeited pursuant to the terms of the RSU agreement. 10,000 RSUs represents the remaining unvested units. Each RSU represents a contingent right to receive one share of Issuer's common stock.

F4: The reporting person was granted 5,000 RSUs on January 3, 2012, which vest 100% on January 3, 2017, unless earlier vested or forfeited pursuant to the terms of the RSU agreement. Each RSU represents a contingent right to receive one share of Issuer's common stock.