KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2014

May 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2014-05-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-27	Common Stock	F	1223	—	Disposed	44554	Direct

Footnotes

F1: Shares witheld for payment of minimum tax liability, pursuant to a Rule 10b5-1 Plan, in connection with shares vested May 19, 2014 from a restricted stock unit grant originally reported on Form 3 filed August 12, 2013, and released May 27, 2014.

F2: Not applicable to this transaction.

F3: Includes 2,429 shares held in Issuer's 401(k) Plan and 6,583 shares purchased through Issuer's Employee Stock Purchase Plan.