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Form 4 KRATOS DEFENSE & SECURIT For: Jun 05 Filed by: Carrai Phillip D

June 9, 2015 8:08 PM EDT
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Carrai Phillip D

(Last) (First) (Middle)
4820 EASTGATE MALL

(Street)
SAN DIEGO CA 92121

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. [ KTOS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, TTS Division
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/05/2015   M   4,500 (2) A $ 0 53,649 (4) D  
Common Stock 06/05/2015   F   1,489 (3) D $ 5.92 52,160 (4) D  
Common Stock 06/09/2015   M   4,500 (2) A $ 0 56,660 (4) D  
Common Stock 06/09/2015   F   1,489 (3) D $ 5.95 55,171 (4) D  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 06/05/2015   M     4,500   (2)   (2) Common Stock 4,500 $ 0 40,500 D  
Restricted Stock Units (1) 06/09/2015   M     4,500   (2)   (2) Common Stock 4,500 $ 0 36,000 D  
Explanation of Responses:
1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock.
2. RSUs were granted and previously reported on a Form 4 filed January 5, 2015. Of these RSUs, 4,500 RSUs were released on June 5, 2015 and 4,500 RSUs were released on June 9, 2015.
3. Shares withheld for payment of minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released as reported in this Form 4.
4. Includes 6,921 shares purchased through Issuer's Employee Stock Purchase Plan and 11,499 shares held in the Issuer's 401(k) Plan.
Phillip D. Carrai, by Eva Yee, Attorney-In-Fact 06/09/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY
For Section 16(a) of the Securities Exchange Act of 1934, as 
amended, Filings

Know all by these presents that the undersigned hereby 
constitutes and appoints Eva Yee, the undersigned's true and 
lawful attorney-in-fact to:

1)	Do and perform all acts for and on behalf the undersigned 
which may be necessary or desirable to apply for and 
obtain and maintain EDGAR Access Codes to be used on 
behalf of the undersigned for Electronic Filing of all 
Section 16(a) of the Securities Exchange Act of 1934, as 
amended, (the "Exchange Act") filings;
2)	Execute for and on behalf of the undersigned, in the 
undersigned's capacity as a Section 16(a) Reporting 
Officer of Kratos Defense & Security Solutions, Inc. (the 
"Company"), Forms 3, 4, and 5 in accordance with Section 
16(a) of the Exchange Act and the rules thereunder;
3)	Do and perform any and all acts for and on behalf of the 
undersigned which may be necessary or desirable to 
complete the execution of any such Form 3, 4, or 5, 
complete and execute any amendment or amendments thereto, 
and timely file such form with the United States 
Securities and Exchange Commission and any other 
authority; and
4)	Take any other action of any type whatsoever in 
connection with the foregoing which, in the opinion of 
such attorney-in-fact, may be of benefit to, or in the 
best interest of, or legally required by, the 
undersigned, it being understood that the documents 
executed by such attorney-in-fact on behalf of the 
undersigned pursuant to this Power of Attorney shall be 
in such form and shall contain such terms and conditions 
as such attorney-in-fact may approve in such attorney-in-
fact's discretion.

	The undersigned hereby grants to such attorney-in-fact, 
full power and authority to do and perform all and every act and 
thing whatsoever requisite, necessary and proper to be done in 
the exercise of any of the rights and powers herein granted, as 
fully to all intents and purposes the undersigned might or could 
do if personally present, with full power of substitution or 
revocation, hereby ratifying and confirming all that such 
attorney-in-fact, or such attorney-in-fact's substitute or 
substitutes, shall lawfully do or cause to be done by virtue of 
this Power of Attorney and the rights and powers herein granted.  
The undersigned acknowledges that the foregoing attorney-in-fact, 
in serving in such capacity at the request of the undersigned, is 
not assuming, nor is the Company assuming, any of the 
undersigned's responsibilities to comply with Section 16 of the 
Exchange Act.

	This Power of Attorney shall remain in full force and 
effect until the undersigned is no longer required to file Forms 
3, 4, and 5 with respect to the undersigned's holdings of and 
transactions in securities issued by the Company, unless earlier 
revoked by the undersigned in a signed writing delivered to the 
foregoing attorney-in-fact.

	IN WITNESS WHEREOF, the undersigned has caused this Power of 
Attorney to be executed as of this 3rd day of January, 2011.

		Signature: /s/ Phillip D. Carrai 				

		Name:  Phillip D. Carrai	


Certificate of Acknowledgment:
City of Alexandria
Commonwealth of Virginia
The foregoing instrument was acknowledged before me this 3rd day of
January, 2011 by Phil Carrai.


/s/ Tiffany Y. Carter
Tiffany Y. Carter, Notary Public
Notary registration number:  331924
My commission expires:  May 31, 2012


Graphic of Notary Public Seal
Tiffany Y. Carter
Commonwealth of Virginia
Registration No.  331924
My Commission Expires 05/31/2012
Notary Public



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