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

Role
President, DRSS Division
Signature
David M. Carter, by Eva Yee, Attorney-In-Fact
Issuer symbol
KTOS
Transactions as of
03 Jan 2022
Net transactions value
-$195,545
Form type
4
Filing time
05 Jan 2022, 19:53:12 UTC
Previous filing
01 Sep 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 +3,000 +6.2% $0.000000 51,703 03 Jan 2022 Direct F3, F8
transaction KTOS Common Stock Tax liability $29,711 -1,512 -2.9% $19.65 50,191 03 Jan 2022 Direct F7, F8
transaction KTOS Common Stock Options Exercise $0 +15,000 +30% $0.000000 65,191 04 Jan 2022 Direct F4, F8
transaction KTOS Common Stock Tax liability $135,624 -6,788 -10% $19.98 58,403 04 Jan 2022 Direct F7, F8
transaction KTOS Common Stock Options Exercise $0 +3,000 +5.1% $0.000000 61,403 04 Jan 2022 Direct F5, F8
transaction KTOS Common Stock Tax liability $30,210 -1,512 -2.5% $19.98 59,891 04 Jan 2022 Direct F7, F8
transaction KTOS Common Stock Award $0 +10,583 +18% $0.000000 70,474 04 Jan 2022 Direct F6, F8

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 +15,000 $0.000000 15,000 03 Jan 2022 Common Stock 15,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -3,000 -25% $0.000000 9,000 03 Jan 2022 Common Stock 3,000 Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -15,000 -100% $0.000000* 0 04 Jan 2022 Common Stock 15,000 Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -3,000 -20% $0.000000 12,000 04 Jan 2022 Common Stock 3,000 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 15,000 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 15,000 RSUs vest on January 4, 2022.
F5 RSUs were granted and previously reported on a Form 4 filed January 5, 2021 where 15,000 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 9,299 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 1,398 shares held through Issuer's 401(k) Plan.