KRATOS DEFENSE & SECURITY SOLUTIONS, INC. 4
4 · KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · Filed Jan 5, 2017
Insider Transaction Report
Form 4
HOGLUND WILLIAM A
Director
Transactions
- Purchase
Restricted Stock Units
2017-01-04+10,000→ 10,000 total→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]5,000 Restricted Stock Units (RSUs) vest 100% on the five year anniversary of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement. The other 5,000 RSUs vest 20% upon each 10% increase in the closing market price of the Issuer's common stock measured from the RSU grant date through the 10-year anniversary of the RSU grant date, unless earlier vested or terminated pursuant to the terms of the RSU agreement (provided that such increase in the closing market price of common stock is sustained for twenty consecutive trading days).
- [F2]Each RSU represents a contingent right to receive one share of Issuer's common stock.