KRATOS DEFENSE & SECURITY SOLUTIONS, INC. 4
4 · KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · Filed Jan 5, 2015
Insider Transaction Report
Form 4
Butera Deborah Sue
General Counsel & Secretary
Transactions
- Award
Restricted Stock Unit
2015-01-01+40,000→ 40,000 total→ Common Stock (40,000 underlying) - Exercise/Conversion
Common Stock
2015-01-03+3,000→ 24,839 total - Exercise/Conversion
Restricted Stock Unit
2015-01-03−3,000→ 27,000 total→ Common Stock (3,000 underlying)
Footnotes (4)
- [F1]Common Stock issued to reporting person pursuant to settlement of vested shares under RSU granted on January 3, 2014, where 30,000 RSUs were granted, 15,000 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 15,000 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]20,000 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 20,000 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.
- [F3]Each RSU represents a contingent right to receive one share of Issuer's common stock.
- [F4]Includes 1,948 shares purchased through Issuer's Employee Stock Purchase Plan and 7,614 shares held in the Issuer's 401(k) Plan.