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

May 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2017-05-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-25	Common Stock	F	437	$9.93	Disposed	18641	Direct

Footnotes

F1: Restricted Stock Units ("RSUs") were previously reported in Table I on a Form 3 filed May 20, 2016 ("Form 3"). Of these RSUs, 1,000 RSUs were released on May 25, 2017 and shares were withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released.

F2: Includes 323 shares purchased through Issuer's Employee Stock Purchase Plan; approximately 1,439 shares held in Issuer's 401(k) Plan; and 10,000 RSUs that vest on May 12, 2021, subject to the terms of the RSU agreement, as reported on the Form 3.