Filing Details
- Accession Number:
- 0001140361-12-036386
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-08-10 18:34:39
- Reporting Period:
- 2012-08-08
- Filing Date:
- 2012-08-10
- Accepted Time:
- 2012-08-10 18:34:39
- 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 |
|---|---|---|---|---|---|---|---|
| 1476336 | John Whittle | C/O Fortinet, Inc. 1090 Kifer Road Sunnyvale CA 94086 | Vp & General Counsel | No | Yes | No | 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 | Acquisiton | 2012-08-10 | 1,042 | $8.43 | 1,042 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2012-08-10 | 1,042 | $24.54 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2012-08-08 | 10,000 | $0.00 | 10,000 | $0.00 |
| Common Stock | Non-qualified Stock Option (right to buy) | Disposition | 2012-08-10 | 1,042 | $0.00 | 1,042 | $8.43 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,000 | No | 4 | A | Direct | ||
| 18,750 | 2017-02-10 | No | 4 | M | Direct |
Footnotes
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 6, 2011.
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- 25% of the RSUs vest on August 1, 2013, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- 1/4 of the shares subject to the option vested on February 10, 2011 and 1/48 of the shares subject to the option vest monthly thereafter.
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