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KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2021
Mar 23, 2021
30409_dirs_2021-03-22_9034837f-87e4-4701-bd85-1d205ac9f84a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2021-03-18
Reporting Person: DEMARCO ERIC M (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-18 | Common Stock | M | 20000 | — | Acquired | 399650 | Indirect |
| 2021-03-18 | Common Stock | F | 7870 | $25.78 | Disposed | 391780 | Indirect |
| 2021-03-22 | Common Stock | S | 10000 | $25.5641 | Disposed | 381780 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-18 | Restricted Stock Units | $ | M | 20000 | Disposed | Common Stock (20000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 53710 | Direct |
Footnotes
F1: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock.
F2: RSUs granted on January 4, 2016 that vested and are released after a 5-year deferral period.
F3: RSUs were granted to Reporting Person, and per Reporting Person's instructions, the common stock from such released RSUs were issued to Reporting Person's trust.
F4: 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.
F5: This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.28 to $25.88 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F7: Includes 37,246 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 16,464 shares held through Issuer's 401(k) Plan.