Edgar Filing: OAK IX AFFILIATES FUND A LP

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Oak Investment Partners XIII, Limited Partnership

2. Date of Event Requiring Statement (Month/Day/Year)
05/14/2012

3. Issuer Name and Ticker or Trading Symbol
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. [KTOS]

(Last)

(First)

(Middle)

ONE GORHAM ISLAND

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

WESTPORT,Â CTÂ 06880

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
COMMON STOCK	11,000,000 ⁽¹⁾	D	Â
COMMON STOCK	267,786 ⁽²⁾	D	Â
COMMON STOCK	2,853 ⁽³⁾	D	Â
COMMON STOCK	6,427 ⁽⁴⁾	D	Â
COMMON STOCK	539,618 ⁽⁵⁾	D	Â
COMMON STOCK	8,661 ⁽⁶⁾	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	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 control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	01/01/2013	COMMON STOCK	2,000 ⁽⁸⁾	$ 60.1	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	01/02/2014	COMMON STOCK	2,000 ⁽⁸⁾	$ 148.6	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	01/03/2015	COMMON STOCK	2,000 ⁽⁸⁾	$ 94.4	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	08/17/2015	COMMON STOCK	475 ⁽⁸⁾	$ 49.5	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	09/07/2015	COMMON STOCK	105 ⁽⁸⁾	$ 57	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	11/16/2015	COMMON STOCK	99 ⁽⁸⁾	$ 55.5	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	01/03/2016	COMMON STOCK	2,000 ⁽⁸⁾	$ 51	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	03/22/2016	COMMON STOCK	451 ⁽⁸⁾	$ 38.8	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	05/17/2016	COMMON STOCK	230 ⁽⁸⁾	$ 36.9	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	09/06/2016	COMMON STOCK	155 ⁽⁸⁾	$ 22.5	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	11/17/2016	COMMON STOCK	589 ⁽⁸⁾	$ 22.9	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	02/28/2017	COMMON STOCK	592 ⁽⁸⁾	$ 21.1	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	05/16/2017	COMMON STOCK	255 ⁽⁸⁾	$ 13.7	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	09/04/2017	COMMON STOCK	383 ⁽⁸⁾	$ 27.4	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	11/14/2017	COMMON STOCK	239 ⁽⁸⁾	$ 23	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	02/27/2018	COMMON STOCK	514 ⁽⁸⁾	$ 20.4	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	05/20/2018	COMMON STOCK	305 ⁽⁸⁾	$ 18	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	09/17/2018	COMMON STOCK	294 ⁽⁸⁾	$ 18.7	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	11/05/2018	COMMON STOCK	517 ⁽⁸⁾	$ 14.5	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	03/06/2019	COMMON STOCK	1,591 ⁽⁸⁾	$ 6.6	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	06/04/2019	COMMON STOCK	1,180 ⁽⁸⁾	$ 7.2	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	09/17/2019	COMMON STOCK	763 ⁽⁸⁾	$ 8.52	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	11/10/2019	COMMON STOCK	1,042 ⁽⁸⁾	$ 10.08	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	02/25/2020	COMMON STOCK	585 ⁽⁸⁾	$ 12.84	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	05/11/2020	COMMON STOCK	683 ⁽⁸⁾	$ 12.46	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	09/20/2010	COMMON STOCK	1,094 ⁽⁸⁾	$ 10.97	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	11/18/2020	COMMON STOCK	996 ⁽⁸⁾	$ 10.55	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	03/10/2021	COMMON STOCK	1,188 ⁽⁸⁾	$ 13.89	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾	Â ⁽⁹⁾	05/27/2021	COMMON STOCK	1,000 ⁽⁸⁾	$ 12	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾
DIRECTOR OPTION (RIGHT TO BUY) ⁽⁷⁾ ⁽¹⁰⁾	Â ⁽⁹⁾	09/15/2021	COMMON STOCK	1,412 ⁽⁸⁾	$ 8.5	I ⁽⁷⁾ ⁽⁸⁾	SEE FOOTNOTES ⁽⁷⁾ ⁽⁸⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Oak Investment Partners XIII, Limited Partnership ONE GORHAM ISLAND WESTPORT,Â CTÂ 06880	Â	Â X	Â	Â
OAK INVESTMENT PARTNERS IX L P Â	Â	Â X	Â	Â
OAK IX AFFILIATES FUND LP ONE GORHAM ISLAND WESTPORT,Â CTÂ 06880	Â	Â X	Â	Â
OAK IX AFFILIATES FUND A LP ONE GORHAM ISLAND WESTPORT,Â CTÂ 06880	Â	Â X	Â	Â
OAK INVESTMENT PARTNERS X LTD PARTNERSHIP Â	Â	Â X	Â	Â
OAK X AFFILIATES FUND LP ONE GORHAM ISLAND WESTPORT,Â CTÂ 06880	Â	Â X	Â	Â

Signatures

/s/ Bandel L. Carano, as managing member of Oak Associates XIII, LLC, the General Partner of Oak Investment Partners XIII, Limited Partnership		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak Associates XIII, LLC		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak Associates IX, LLC, the General Partner of Oak Investment Partners IX, Limited Partnership		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak Associates IX, LLC		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak IX Affiliates, LLC, the General Partner of Oak IX Affiliates Fund, Limited Partnership		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak IX Affiliates, LLC, the General Partner of Oak IX Affiliates Fund-A, Limited Partnership		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak IX Affiliates, LLC		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak Associates X, LLC, the General Partner of Oak Investment Partners X, Limited Partnership		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak Associates X, LLC		05/14/2012
^**Signature of Reporting Person		Date
/s/ Bandel L. Carano, as managing member of Oak X Affiliates, LLC, the General Partner of Oak X Affiliates Fund, Limited Partnership and as managing member of Oak X Affiliates, LLC		05/14/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	Represents shares directly owned by Oak Investment Partners XIII, Limited Partnership ("Oak XIII"). These shares were purchased pursuant to a public offering of the Issuer that closed on May 14, 2012.
(2)	Represents shares directly owned by Oak Investment Partners IX, Limited Partnership ("Oak IX").
(3)	Represents shares directly owned by Oak IX Affiliates Fund, Limited Partnership ("Oak IX Affiliates").
(4)	Represents shares directly owned by Oak IX Affiliates Fund-A, Limited Partnership ("Oak IX Affiliates-A").
(5)	Represents shares directly owned by Oak Investment Partners X, Limited Partnership ("Oak X").
(6)	Represents shares directly owned by Oak X Affiliates Fund, Limited Partnership ("Oak X Affiliates" and together with Oak XIII, Oak IX, Oak IX Affiliates, Oak IX Affiliates-A, and Oak X, the "Oak Funds").
(7)	Represents options received in lieu of cash fees from Bandel Carano's service on the Issuer's Board of Directors. Mr. Carano is a Managing Member of (i) Oak Associates XIII, LLC, the General Partner of Oak XIII, (ii) Oak Associates IX, LLC, the General Partner of Oak IX, (iii) Oak IX Affiliates, LLC, the General Partner of each of Oak IX Affiliates and Oak IX Affiliates-A, (iv) Oak Associates X, LLC, the General Partner of Oak X, and (v) Oak X Affiliates, LLC, the General Partner of Oak X Affiliates.
(8)	Mr. Carano has Director Options exercisable for a total of 28,930 shares of Common Stock, 28,470 shares of which are held by Mr. Carano on behalf of Oak X and 460 shares of which are held by Mr. Carano on behalf of Oak X Affiliates. Approximately 98.4% of each option grant is held by Mr. Carano on behalf of Oak X and approximately 1.6% of each such option grant is held by Mr. Carano on behalf of Oak X Affiliates.
(9)	All options are immediately exercisable.
(10)	Reporting Person has two additional Director Options to report but the maximum number of rows/entries for Table II on the electronic Form 4 have been exceeded. The two additional Director Options to be reported are as follows: (1) Director Option (Right to Buy) (footnote 7), Date Exercisable: footnote 9, Expiration Date: 11/14/2021, Title: Common Stock, Amount or Number of Shares: 2,254 (footnote 8), Conversion or Exercise Price: 5.77, Ownership: Indirect (footnotes 7 and 8), Nature of Director Beneficial Ownership: See Footnotes 7 and 8; and (2) Director Option (Right to Buy) (footnote 7), Date Exercisable: footnote 9, Expiration Date: 3/15/2022, Title: Common Stock, Amount or Number of Shares: 1,939(footnote 8), Conversion or Exercise Price: 6.19, Ownership: Indirect (footnotes 7 and 8), Nature of Director Beneficial Ownership: See Footnotes 7 and 8.
Â Remarks: OakÂ IX,Â OakÂ IXÂ Affiliates,Â OakÂ IXÂ Affiliates-A,Â OakÂ XÂ andÂ OakÂ XÂ Affiliates,Â andÂ theirÂ respectiveÂ GeneralÂ Partners,Â areÂ filingÂ thisÂ reportÂ becauseÂ theyÂ mayÂ beÂ deemedÂ toÂ beÂ includedÂ inÂ aÂ "group"Â withÂ OakÂ XIIIÂ andÂ itsÂ GeneralÂ Partner,Â whichÂ areÂ aÂ ReportingÂ PersonÂ withÂ respectÂ toÂ theÂ Issuer.Â Henceforth,Â anyÂ futureÂ changesÂ inÂ theÂ beneficialÂ ownershipÂ ofÂ theÂ IssuerÂ heldÂ byÂ OakÂ IX,Â OakÂ IXÂ Affiliates,Â OakÂ IXÂ Affiliates-A,Â OakÂ XÂ andÂ OakÂ XÂ AffiliatesÂ mayÂ beÂ reportedÂ inÂ jointÂ filingsÂ withÂ OakÂ XIII.Â Â EachÂ ofÂ theÂ foregoingÂ entitiesÂ disclaimsÂ beneficialÂ ownershipÂ ofÂ anyÂ securitiesÂ (exceptÂ toÂ theÂ extentÂ ofÂ itsÂ pecuniaryÂ interestÂ inÂ suchÂ securities)Â otherÂ thanÂ anyÂ securitiesÂ reportedÂ hereinÂ asÂ beingÂ directlyÂ ownedÂ byÂ suchÂ entity,Â andÂ thisÂ reportÂ shallÂ notÂ beÂ deemedÂ anÂ admissionÂ thatÂ suchÂ entityÂ isÂ theÂ beneficialÂ ownerÂ ofÂ anyÂ suchÂ securitiesÂ forÂ purposesÂ ofÂ SectionÂ 16Â orÂ forÂ anyÂ otherÂ purpose. BandelÂ CaranoÂ isÂ aÂ DirectorÂ ofÂ theÂ IssuerÂ asÂ wellÂ asÂ theÂ ManagingÂ MemberÂ ofÂ theÂ GeneralÂ PartnersÂ ofÂ theÂ OakÂ FundsÂ asÂ disclosedÂ inÂ footnoteÂ 7Â above.Â Â Mr.Â CaranoÂ isÂ concurrentlyÂ filingÂ aÂ FormÂ 4Â toÂ reportÂ hisÂ beneficialÂ interestsÂ inÂ theÂ holdingsÂ ofÂ theÂ OakÂ FundsÂ andÂ theirÂ GeneralÂ Partners.Â Â TheÂ OakÂ FundsÂ andÂ Mr.Â CaranoÂ reserveÂ theÂ rightÂ toÂ consolidateÂ theÂ filingsÂ ofÂ theÂ OakÂ FundsÂ andÂ Mr.Â CaranoÂ inÂ theÂ future.

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