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: Lund Deanna H (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-05	Common Stock	M	7500	—	Acquired	77800	Direct
2015-06-09	Common Stock	M	7500	—	Acquired	85300	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-05	Restricted Stock Units	$	M	7500	Disposed		Common Stock (7500)	Direct
2015-06-09	Restricted Stock Units	$	M	7500	Disposed		Common Stock (7500)	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, 7,500 RSUs were released on June 5, 2015 and 7,500 RSUs were released on June 9, 2015.

F3: Includes 13,085 shares purchased through Issuer's Employee Stock Purchase Plan and 11,715 shares held in the Issuer's 401(k) Plan.