ERIC M. DEMARCO - 08 Sep 2021 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
08 Sep 2021
Net transactions value
-$370,126
Form type
4
Filing time
10 Sep 2021, 20:32:01 UTC
Previous filing
25 Aug 2021
Next filing
23 Sep 2021
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 +20,000 +5.6% $0.000000 376,040 08 Sep 2021 by trust F2, F3
transaction KTOS Common Stock Tax liability $186,283 -7,870 -2.1% $23.67 368,170 08 Sep 2021 by trust F4
transaction KTOS Common Stock Options Exercise $0 +20,000 +5.4% $0.000000 388,170 09 Sep 2021 by trust F2, F3
transaction KTOS Common Stock Tax liability $183,843 -7,870 -2% $23.36 380,300 09 Sep 2021 by trust F4
holding KTOS Common Stock 54,425 08 Sep 2021 Direct F5

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 -20,000 -50% $0.000000 20,000 08 Sep 2021 Common Stock 20,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -20,000 -100% $0.000000* 0 09 Sep 2021 Common Stock 20,000 Direct F1, F2
* 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 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.
F5 Includes 37,702 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 16,723 shares held through Issuer's 401(k) Plan.