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

Jun 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2017-06-12

Reporting Person: Lund Deanna H (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-12	Common Stock	M	12500	—	Acquired	202017	Direct
2017-06-12	Common Stock	F	4697	$10.64	Disposed	197320	Direct
2017-06-12	Common Stock	M	12500	—	Acquired	209820	Direct
2017-06-12	Common Stock	F	4697	$10.64	Disposed	205123	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-12	Restricted Stock Units	$	M	12500	Disposed		Common Stock (12500)	Direct
2017-06-12	Restricted Stock Units	$	M	12500	Disposed		Common Stock (12500)	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 12,500 each were released on June 12, 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 16,626 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 14,824 shares held in Issuer's 401(k) Plan.