KVH INDUSTRIES INC \DE\ — Director's Dealing 2012

Mar 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KVH INDUSTRIES INC \DE\ (KVHI)
CIK: 0001007587
Period of Report: 2012-02-28

Reporting Person: CONWAY DANIEL R (VP, Business Development)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-28	Employee Stock Options-Right to Buy	$9.32	J	26250	Acquired	2017-02-28	Common Stock (26250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50184	Direct
Common Stock	3409	Indirect

Footnotes

F1: Non-qualified stock option grant issued pursuant to the terms & conditions of KVH Industries' 2006 Stock Incentive Plan. Grant vests annually in four installments, the first of which will vest on 2/28/13, provided the executive is employed by the Company at the time of vesting.

F2: Stock option grant vests in four installments (6562 on 2/28/2013; 6562 on 2/28/2014; 6563 on 2/28/2015; 6563 on 2/28/2016).

F3: Represents total vested/unexercised options "beneficially owned".