KVH INDUSTRIES INC \DE\ — Director's Dealing 2011

Feb 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KVH INDUSTRIES INC \DE\ (KVHI)
CIK: 0001007587
Period of Report: 2011-02-22

Reporting Person: KITS VAN HEYNINGEN MARTIN (Director, CEO/Chairman BOD)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-22	Common Stock	J	9038	$10.54	Acquired	407691	Direct
2011-02-22	Common Stock	S	7516	$15.23	Disposed	400175	Direct
2011-02-22	Common Stock	A	25000	—	Acquired	425175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-22	Employee Stock Options-Right to Buy	$10.54	J	9038	Disposed	2011-02-22	Common Stock (9038)	Direct
2011-02-22	Employee Stock Options-Right to Buy	$14.40	J	50000	Acquired	2016-02-22	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9369	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options-Right to Buy	$		Common Stock ()	2100	Indirect

Footnotes

F1: Shares acquired via the exercise of an expiring stock option pursuant to the terms & conditions of the company's 2003 Incentive & Non-qualified Stock Option Plan.

F2: Shares sold to pay the exercise price & taxes owed on an expiring non-qualified stock option.

F3: Restricted stock grant issued pursuant to the terms & conditions of KVH Industries' 2003 Incentive & Non-qualified Stock Option Plan. Grant vests annually in four equal installments, the first of which will vest on 2/22/12, provided the executive is employed by the Company at the time of vesting.

F4: Exercise of an expiring stock option pursuant to the terms & conditions of the company's 2003 Incentive & Non-qualified Stock Option Plan.

F5: Non-qualified stock option grant issued pursuant to the terms & conditions of KVH Industries' 2003 Incentive & Non-qualified Stock Option Plan. Grant vests annually in four equal installments, the first of which will vest on 2/22/12, provided the executive is employed by the Company at the time of vesting.

F6: Stock option grant vests in 4 equal installments (12500 on 2/22/2012; 12500 on 2/22/2013; 12500 on 2/22/2014; 12500 on 2/22/2015).

F7: Represents total vested/unexercised options "beneficially owned".

F8: Not applicable.

F9: Represents total vested/unexercised options "beneficially owned" by spouse.