ERIC M. DEMARCO - 15 Jun 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
15 Jun 2022
Transactions value $
-$251,439
Form type
4
Filing time
16 Jun 2022, 19:27:05 UTC
Previous filing
03 Jun 2022
Next filing
22 Jun 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 +15,000 +2.7% $0 576,088 15 Jun 2022 by trust F2, F4
transaction KTOS Common Stock Tax liability -$83,808 -5,902 -1% $14.2 570,186 15 Jun 2022 by trust F5
transaction KTOS Common Stock Options Exercise $0 +30,000 +5.3% $0 600,186 15 Jun 2022 by trust F3, F4
transaction KTOS Common Stock Tax liability -$167,631 -11,805 -2% $14.2 588,381 15 Jun 2022 by trust F5
holding KTOS Common Stock 55,961 15 Jun 2022 Direct F6

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 Options Exercise $0 -15,000 -25% $0 45,000 15 Jun 2022 Common Stock 15,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -30,000 -12% $0 210,000 15 Jun 2022 Common Stock 30,000 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 granted on January 3, 2014 that vested and then released on June 15, 2022 after a 5-year deferral period.
F3 RSUs granted on January 4, 2017 that vested and then released on June 15, 2022 after a 5-year deferral period.
F4 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.
F5 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.
F6 Includes 38,138 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 17,823 shares held through Issuer's 401(k) Plan.