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KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2015
Jan 5, 2015
30409_dirs_2015-01-05_273fff4f-c5ae-476d-b705-e95ffcdcec1f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2015-01-02
Reporting Person: Goodwin Benjamin M. (President, PSS Division)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-01-02 | Common Stock | M | 2500 | — | Acquired | 34323 | Direct |
| 2015-01-03 | Common Stock | M | 1000 | — | Acquired | 35323 | Direct |
| 2015-01-03 | Common Stock | M | 2000 | — | Acquired | 37323 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-01-02 | Restricted Stock Unit | $ | M | 2500 | Disposed | Common Stock (2500) | Direct | |
| 2015-01-03 | Restricted Stock Unit | $ | M | 1000 | Disposed | Common Stock (1000) | Direct | |
| 2015-01-03 | Restricted Stock Unit | $ | M | 2000 | Disposed | Common Stock (2000) | Direct |
Footnotes
F1: Common Stock issued to reporting person pursuant to settlement of vested shares under RSU granted on January 2, 2010, where 12,500 RSUs granted vest in five equal installments annually beginning on January 2, 2011.
F2: Common Stock issued to reporting person pursuant to settlement of vested shares under RSU granted on January 3, 2011, where 10,000 RSUs were granted, 5,000 of which vest in five equal installments annually beginning on January 3, 2012 and 5,000 of which vest 100% on the fifth anniversary of the grant date.
F3: Common Stock issued to reporting person pursuant to settlement of vested shares under RSU granted on January 3, 2014, where 20,000 RSUs were granted, 10,000 of which vest 100% on the five year anniversary of the date of grant, unless earlier vested pursuant to the terms of the RSU agreement, and 10,000 of which vest 20% upon each 10% increase in the closing market price of the Issuer's common stock measured from the RSU grant date through the 10-year anniversary, provided that the first vesting shall not occur until the first anniversary of the RSU grant date, at which time the percentage of RSUs shall vest based on increases in the closing market price measured from the RSU grant date through the first anniversary.
F4: Each RSU represents a contingent right to receive one share of Issuer's common stock.
F5: Includes 561 shares purchased through Issuer's Employee Stock Purchase Plan.