KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2015

Jun 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2015-06-05

Reporting Person: Butera Deborah Sue (SVP, General Counsel, CCO, Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-05	Common Stock	M	4000	—	Acquired	29995	Direct
2015-06-05	Common Stock	F	1476	$5.92	Disposed	28519	Direct
2015-06-09	Common Stock	M	4000	—	Acquired	32519	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-05	Restricted Stock Units	$	M	4000	Disposed		Common Stock (4000)	Direct
2015-06-09	Restricted Stock Units	$	M	4000	Disposed		Common Stock (4000)	Direct

Footnotes

F1: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock.

F2: RSUs were granted and previously reported on a Form 4 filed January 5, 2015. Of these RSUs, 4,000 RSUs were released on June 5, 2015 and 4,000 RSUs were released on June 9, 2015.

F3: Shares withheld for payment of minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released as reported in this Form 4.

F4: Includes 1,948 shares purchased through Issuer's Employee Stock Purchase Plan and 8,770 shares held in the Issuer's 401(k) Plan.