Filing Details
- Accession Number:
- 0001140361-17-004391
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-02-03 16:34:31
- Reporting Period:
- 2017-02-01
- Filing Date:
- 2017-02-03
- Accepted Time:
- 2017-02-03 16:34:31
- 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. 899 Kifer Road Sunnyvale CA 94086 | Vp Corp Dev&Strat Alliance,Gc | 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 | 2017-02-01 | 2,188 | $0.00 | 10,005 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-02-01 | 2,500 | $0.00 | 12,505 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-02-01 | 1,875 | $0.00 | 14,380 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-02-01 | 7,500 | $0.00 | 21,880 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-02-01 | 9,492 | $0.00 | 31,372 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2017-02-01 | 8,869 | $33.10 | 22,503 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2017-02-03 | 13,135 | $37.15 | 9,368 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | A | Direct | |
| No | 4 | F | 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 | Disposition | 2017-02-01 | 2,188 | $0.00 | 2,188 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2017-02-01 | 2,500 | $0.00 | 2,500 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2017-02-01 | 1,875 | $0.00 | 1,875 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2017-02-01 | 7,500 | $0.00 | 7,500 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 10,000 | No | 4 | M | Direct | ||
| 15,000 | No | 4 | M | Direct | ||
| 22,500 | No | 4 | M | Direct |
Footnotes
- Vesting of restricted stock unit ("RSUs") granted to the Reporting Person on February 13, 2013.
- Vesting of RSUs granted to the Reporting Person on February 12, 2014.
- Vesting of RSUs granted to the Reporting Person on February 11, 2015.
- Vesting of RSUs granted to the Reporting Person on February 11, 2016.
- Represents shares earned by the Reporting Person as a result of the vesting of performance stock units ("PSUs") granted to the Reporting Person on February 11, 2015.
- Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of on this line were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs and PSUs.
- The sales reported on this line were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2016.
- Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- 25% of the RSUs vested on February 1, 2014, 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 service of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- 25% of the RSUs vest on February 1, 2015, 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.
- 25% of the RSUs vest on February 1, 2016, 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.
- 25% of the RSUs vest on February 1, 2017, 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.
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