Filing Details
- Accession Number:
- 0001181431-10-057644
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-11-24 17:43:49
- Reporting Period:
- 2010-11-23
- Filing Date:
- 2010-11-24
- Accepted Time:
- 2010-11-24 17:43:49
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1262039 | Fortinet Inc | FTNT | Computer Peripheral Equipment, Nec (3577) | 770560389 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1475587 | Ken Xie | C/O Fortinet, Inc. 1090 Kifer Road Sunnyvale CA 94086 | President & Ceo | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2010-05-25 | 6,000 | $0.00 | 5,862,499 | No | 5 | G | Direct | |
| Common Stock | Disposition | 2010-06-22 | 6,000 | $0.00 | 5,856,499 | No | 5 | G | Direct | |
| Common Stock | Disposition | 2010-07-20 | 6,000 | $0.00 | 5,850,499 | No | 5 | G | Direct | |
| Common Stock | Disposition | 2010-08-24 | 12,000 | $0.00 | 5,838,499 | No | 5 | G | Direct | |
| Common Stock | Disposition | 2010-09-27 | 18,000 | $0.00 | 6,417,355 | No | 5 | G | Direct | |
| Common Stock | Disposition | 2010-10-19 | 18,000 | $0.00 | 6,399,355 | No | 5 | G | Direct | |
| Common Stock | Acquisiton | 2010-11-23 | 30,000 | $2.15 | 6,429,355 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2010-11-23 | 150,000 | $2.37 | 6,579,355 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-11-23 | 90,000 | $31.52 | 6,489,355 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2010-11-23 | 18,000 | $0.00 | 6,471,355 | No | 5 | G | Direct | |
| Common Stock | Disposition | 2010-09-14 | 367,287 | $0.00 | 0 | No | 5 | G | Indirect | See footnote |
| Common Stock | Disposition | 2010-09-14 | 367,287 | $0.00 | 0 | No | 5 | G | Indirect | See footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | G | Direct | |
| No | 5 | G | Direct | |
| No | 5 | G | Direct | |
| No | 5 | G | Direct | |
| No | 5 | G | Direct | |
| No | 5 | G | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 5 | G | Direct | |
| No | 5 | G | Indirect | See footnote |
| No | 5 | G | Indirect | See footnote |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2010-11-23 | 30,000 | $0.00 | 30,000 | $2.15 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2010-11-23 | 150,000 | $0.00 | 150,000 | $2.37 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2011-03-01 | No | 4 | M | Direct | |
| 0 | 2011-07-20 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 1,201,572 | Indirect | See footnote |
| Common Stock | 1,201,572 | Indirect | See footnote |
Footnotes
- Includes 298,428 shares previously reported as held directly by The Ken Xie 2009 Grantor Retained Annuity Trust dated September 10, 2009 for which the Reporting Person serves as trustee (the "Xie 2009 GRAT") and 298,428 shares previously reported as held directly by The Winnie Hiu-Yin Lee 2009 Grantor Retained Annuity Trust dated September 10, 2009 for which the Reporting Person's spouse serves as trustee (the "Lee 2009 GRAT") which were re-registered on September 10, 2010 and are now held directly by the Reporting Person.
- Includes 223,297 shares previously reported as held directly by The Ken Xie 2007 Annuity Trust dated September 25, 2007 for which the Reporting Person serves as trustee (the "Xie 2007 Annuity Trust") and 223,297 shares previously reported as held directly by The Winnie Hiu-Yin Lee 2007 Annuity Trust dated September 25, 2007 for which the Reporting Person's spouse serves as trustee (the "Lee 2007 Annuity Trust") which were re-registered on September 14, 2010 and are now held directly by the Reporting Person.
- The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 30, 2009, as amended.
- The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $31.11 to $31.77 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- Excludes 223,297 shares previously reported as held directly by the Xie 2007 Annuity Trust which were re-registered on September 14, 2010 and are now held directly by the Reporting Person.
- Shares held directly by the Xie 2007 Annuity Trust.
- Excludes 223,297 shares previously reported as held directly by the Lee 2007 Annuity Trust which were re-registered on September 14, 2010 and are now held directly by the Reporting Person.
- Shares held directly by the Lee 2007 Annuity Trust.
- Excludes 298,428 shares previously reported as held directly by the Xie 2009 GRAT which were re-registered on September 10, 2010 and are now held directly by the Reporting Person.
- Shares held directly by the Xie 2009 GRAT.
- Excludes 298,428 shares previously reported as held directly by the Lee 2009 GRAT which were re-registered on September 10, 2010 and are now held directly by the Reporting Person.
- Shares held directly by the Lee 2009 GRAT.
- Shares subject to the option are fully vested and immediately exercisable.
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