4//SEC Filing
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. 4
Accession 0001592795-15-000005
$KTOSCIK 0001069258operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 7:45 PM ET
Size
14.2 KB
Accession
0001592795-15-000005
Insider Transaction Report
Form 4
POIRIER RICHARD
Elec. Products Div. President
Transactions
- Exercise/Conversion
Common Stock
2015-01-03+2,000→ 59,608 total - Award
Restricted Stock Unit
2015-01-01+45,000→ 45,000 total→ Common Stock (45,000 underlying) - Exercise/Conversion
Restricted Stock Unit
2015-01-03−2,000→ 18,000 total→ Common Stock (2,000 underlying)
Footnotes (4)
- [F1]Common Stock issued to reporting person pursuant to settlement of vested shares under RSU granted on January 3, 2014, where 20,000 RSUs were granted, 10,000 of which vest 100% on the five year anniversary of the date of grant, unless earlier vested pursuant to the terms of the RSU agreement, and 10,000 of which 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, provided that the first vesting shall not occur until the first anniversary of the RSU grant date, at which time the percentage of RSUs shall vest based on increases in the closing market price measured from the RSU grant date through the first anniversary.
- [F2]22,500 of the RSUs vest 100% on the five year anniversary of the grant date, unless earlier vested or terminated pursuant to the terms of the RSU agreement. The other 22,500 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.
- [F3]Each RSU represents a contingent right to receive one share of Issuer's common stock.
- [F4]Includes 12,458 shares purchased through Issuer's Employee Stock Purchase Plan and 5,650 shares held in the Issuer's 401(k) Plan.
Issuer
KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
CIK 0001069258
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001069258
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 7:45 PM ET
- Size
- 14.2 KB