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: DEMARCO ERIC M (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-05	Common Stock	M	20000	—	Acquired	20000	Indirect
2015-06-09	Common Stock	M	20000	—	Acquired	40000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-05	Restricted Stock Units	$	M	20000	Disposed		Common Stock (20000)	Direct
2015-06-09	Restricted Stock Units	$	M	20000	Disposed		Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	376354	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, 20,000 RSUs were released on June 5, 2015 and 20,000 RSUs were released on June 9, 2015.

F3: RSUs were granted to Reporting Person, and per Reporting Person's instructions, the common stock from such released RSUs were issued to Reporting Person's trust.