KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2017

Jun 29, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2017-06-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-27	Common Stock	M	2500	—	Acquired	24160	Direct
2017-06-27	Common Stock	F	917	$10.82	Disposed	23243	Direct
2017-06-27	Common Stock	M	2500	—	Acquired	25743	Direct
2017-06-27	Common Stock	F	917	$11.16	Disposed	24826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-27	Restricted Stock Units	$	M	2500	Disposed		Common Stock (2500)	Direct
2017-06-27	Restricted Stock Units	$	M	2500	Disposed		Common Stock (2500)	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, 2017. Of these RSUs, two tranches of 2,500 shares each were released on June 27, 2017.

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

F4: Includes 323 shares purchased through Issuer's Employee Stock Purchase Plan; approximately 1,505 shares held in Issuer's 401(k) Plan; and 10,000 RSUs that vest on May 12, 2021, subject to the terms of an RSU agreement, as reported on a Form 3 previously filed May 20, 2016.