ERIC M. DEMARCO - 03 Jan 2022 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role
President & CEO, Director
Signature
Eric M. DeMarco, by Eva Yee, Attorney-In-Fact
Issuer symbol
KTOS
Transactions as of
03 Jan 2022
Transactions value $
-$243,177
Form type
4
Filing time
05 Jan 2022, 19:10:50 UTC
Previous filing
23 Dec 2021
Next filing
07 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +30K +8.82% $0.00 370K 04 Jan 2022 by trust F3, F5
transaction KTOS Common Stock Tax liability -$243K -12.2K -3.29% $19.98 358K 04 Jan 2022 by trust F6
transaction KTOS Common Stock Award $0 +106K +29.55% $0.00 464K 04 Jan 2022 by trust F4, F5
holding KTOS Common Stock 55K 03 Jan 2022 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KTOS Restricted Stock Units Award $0 +150K $0.00 150K 03 Jan 2022 Common Stock 150K Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -30K -20% $0.00 120K 04 Jan 2022 Common Stock 30K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock.
F2 RSUs vest ratably on each of the first five anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement.
F3 RSUs were granted and previously reported on a Form 4 filed January 5, 2021 where 150,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F4 Shares acquired pursuant to the settlement of a Performance Restricted Stock Unit award granted on January 4, 2019.
F5 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.
F6 Shares withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4.
F7 Includes 38,138 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 16,859 shares held through Issuer's 401(k) Plan.