KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2016

Sep 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2016-09-22

Reporting Person: Carrai Phillip D (President, TTS Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-22	Common Stock	M	4500	—	Acquired	112188	Direct
2016-09-22	Common Stock	F	1489	$7.39	Disposed	110699	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-22	Restricted Stock Units	$	M	4500	Disposed		Common Stock (4500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23394	Indirect

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, 4,500 were released on September 22, 2016.

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

F4: Includes 14,286 shares purchased through Issuer's Employee Stock Purchase Plan and 14,413 shares held in Issuer's 410(k) Plan.