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

May 27, 2015

30409_dirs_2015-05-27_661c347d-92f0-4e0f-9a7b-f8e1aa427efc.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (NPTN)
CIK: 0001069258
Period of Report: 2015-05-27

Reporting Person: CARANO BANDEL L (Director, 10% Owner)
Reporting Person: OAK INVESTMENT PARTNERS X LTD PARTNERSHIP (10% Owner)
Reporting Person: OAK X AFFILIATES FUND LP (10% Owner)
Reporting Person: OAK INVESTMENT PARTNERS IX L P (10% Owner)
Reporting Person: OAK IX AFFILIATES FUND LP (10% Owner)
Reporting Person: OAK IX AFFILIATES FUND A LP (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-05-27 Public offering of Common Stock P 275862 $7.25 Acquired 5470780 Direct

Footnotes

F1: Includes purchase of 271,503 shares of Public offering of Common Stock, which is held by Mr. Carano on behalf of Oak Investment Partners X, Limited Partnership ("Oak X"); purchase of 4,359 shares of Public offering of Common Stock, which is held by Mr. Carano on behalf of Oak X Affiliates Fund, Limited Partnership ("Oak X Affiliates"). Mr. Carano is a Managing Member of Oak Associates X, L.L.C., the General Partner of Oak X, a Managing Member of Oak X Affiliates, L.L.C., the General Partner of Oak X Affiliates.