Phillip D. Carrai - 03 Jan 2022 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role
President, STC Division
Signature
Phillip D. Carrai, by Eva Yee, Attorney-In-Fact
Issuer symbol
KTOS
Transactions as of
03 Jan 2022
Net transactions value
-$636,570
Form type
4
Filing time
05 Jan 2022, 20:08:19 UTC
Previous filing
17 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 +10,000 +9.5% $0.000000 115,388 03 Jan 2022 Direct F3, F8
transaction KTOS Common Stock Tax liability $95,951 -4,883 -4.2% $19.65 110,505 03 Jan 2022 Direct F7, F8
transaction KTOS Common Stock Options Exercise $0 +50,000 +45% $0.000000 160,505 04 Jan 2022 Direct F4, F8
transaction KTOS Common Stock Tax liability $450,549 -22,550 -14% $19.98 137,955 04 Jan 2022 Direct F7, F8
transaction KTOS Common Stock Options Exercise $0 +10,000 +7.2% $0.000000 147,955 04 Jan 2022 Direct F5, F8
transaction KTOS Common Stock Tax liability $90,070 -4,508 -3% $19.98 143,447 04 Jan 2022 Direct F7, F8
transaction KTOS Common Stock Award $0 +35,275 +25% $0.000000 178,722 04 Jan 2022 Direct F6, F8
holding KTOS Common Stock 46,644 03 Jan 2022 by trust

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 +50,000 $0.000000 50,000 03 Jan 2022 Common Stock 50,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -10,000 -25% $0.000000 30,000 03 Jan 2022 Common Stock 10,000 Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -50,000 -100% $0.000000* 0 04 Jan 2022 Common Stock 50,000 Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -10,000 -20% $0.000000 40,000 04 Jan 2022 Common Stock 10,000 Direct F1, F5
* 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 3, 2020, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2020 date of grant.
F4 RSUs were granted and previously reported on a Form 4 filed January 5, 2017 where 50,000 RSUs vest on January 4, 2022.
F5 RSUs were granted and previously reported on a Form 4 filed January 5, 2021 where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F6 Shares acquired pursuant to the settlement of a Performance Restricted Stock Unit award granted on January 4, 2019.
F7 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.
F8 Includes 11,385 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 1,291 shares held through Issuer's 401(k) Plan.