KRONE ROGER A - 21 Mar 2022 Form 4 Insider Report for Leidos Holdings, Inc. (LDOS)

Role: CEO, Director
Signature: /s/ Ramune M. Kligys, Attorney-in-Fact
Issuer symbol: LDOS
Transactions as of: 21 Mar 2022
Net transactions value: -$10,338,864
Form type: 4
Filing time: 23 Mar 2022, 17:19:45 UTC
Previous filing: 10 Mar 2022
Next filing: 04 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LDOS	Common Stock	Options Exercise	$2,189,241	+69,392	+32%	$31.55	289,333	21 Mar 2022	Direct	F1
transaction	LDOS	Common Stock	Tax liability	$4,647,132	-44,057	-15%	$105.48	245,276	21 Mar 2022	Direct	F1, F2
transaction	LDOS	Common Stock	Sale	$1,210,342	-11,439	-4.7%	$105.81	233,837	21 Mar 2022	Direct	F1, F3
transaction	LDOS	Common Stock	Sale	$1,481,785	-13,896	-5.9%	$106.63	219,941	21 Mar 2022	Direct	F1, F4
transaction	LDOS	Common Stock	Options Exercise	$2,189,241	+69,392	+32%	$31.55	289,333	23 Mar 2022	Direct	F1
transaction	LDOS	Common Stock	Tax liability	$4,678,330	-43,961	-15%	$106.42	245,372	23 Mar 2022	Direct	F1, F2
transaction	LDOS	Common Stock	Sale	$2,689,081	-25,331	-10%	$106.16	220,041	23 Mar 2022	Direct	F1, F5
transaction	LDOS	Common Stock	Sale	$10,677	-100	-0.05%	$106.77	219,941	23 Mar 2022	Direct	F1
holding	LDOS	Common Stock						114,391	21 Mar 2022	By Trust
holding	LDOS	Common Stock						234,504	21 Mar 2022	By Key Executive Stock Deferral Plan

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	LDOS	Stock Option (Right to Buy)	Options Exercise	$0	-69,392	-50%	$0.000000	69,392	21 Mar 2022	Common Stock	69,392	$31.55	Direct	F1, F6
transaction	LDOS	Stock Option (Right to Buy)	Options Exercise	$0	-69,392	-100%	$0.000000^*	0	23 Mar 2022	Common Stock	69,392	$31.55	Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed pursuant to a trading plan entered into by the reporting person on February 18, 2022, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2	Represents shares of common stock withheld by the issuer in connection with the option exercise to cover the exercise price and associated fees.
F3	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices from $105.28 to $106.26 inclusive. The reporting person undertakes to providing to Leidos Holdings, Inc., any security holder of Leidos Holdings, Inc., or the staff of the Securities Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.
F4	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices from $106.28 to $107.04 inclusive. The reporting person undertakes to providing to Leidos Holdings, Inc., any security holder of Leidos Holdings, Inc., or the staff of the Securities Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.
F5	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices from $105.70 to $106.64 inclusive. The reporting person undertakes to providing to Leidos Holdings, Inc., any security holder of Leidos Holdings, Inc., or the staff of the Securities Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.
F6	This stock option was previously reported as a stock option grant for 102,565 shares of common stock at an exercise price of $42.69 per share. The number of options and the exercise price were subsequently adjusted to reflect a special dividend declared by the issuer in August 2016.