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

May 20, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2016-05-12

Reporting Person: Cervantes de Burgreen Maria (VP & Corporate Controller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	323	Direct
Common Stock	1000	Direct
Common Stock	20000	Direct

Footnotes

F1: Reporting Person was granted 1,000 Restricted Stock Units (RSUs) on May 22, 2012 that vest 100% on May 22, 2017, unless earlier vested or forfeited pursuant to the terms of the RSU agreement. Each RSU represents a contingent right to receive one share of Issuer's common stock.

F2: Reporting Person was granted 20,000 RSUs on May 12, 2016. 10,000 RSUs vest on May 12, 2021. 10,000 RSUs vest 20% upon each 10% increase in the closing market price of the Issuer's common stock measured from the RSU grant date through the 10-year anniversary of the RSU grant date, unless earlier vest or terminated pursuant to the terms of the RSU agreement (provided that such increase in the closing market price of common stock is sustained for twenty consecutive trading days).