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Filing Details

Accession Number:: 0001140361-18-005116
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-02-05 18:24:48
Reporting Period:: 2018-02-01

Accepted Time:: 2018-02-05 18:24:48
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2018-02-01	2,500	$0.00	7,181	No	4	M	Direct
Common Stock	Acquisiton	2018-02-01	1,875	$0.00	9,056	No	4	M	Direct
Common Stock	Acquisiton	2018-02-01	1,875	$0.00	10,931	No	4	M	Direct
Common Stock	Acquisiton	2018-02-01	7,500	$0.00	18,431	No	4	M	Direct
Common Stock	Acquisiton	2018-02-01	10,711	$0.00	29,142	No	4	A	Direct
Common Stock	Disposition	2018-02-01	9,355	$45.87	19,787	No	4	F	Direct
Common Stock	Acquisiton	2018-02-01	625	$23.83	20,412	No	4	M	Direct
Common Stock	Disposition	2018-02-01	625	$45.75	19,787	No	4	S	Direct
Common Stock	Disposition	2018-02-05	4,376	$44.35	15,411	No	4	S	Direct
Common Stock	Disposition	2018-02-05	6,727	$45.01	8,684	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2018-02-01	2,500	$0.00	2,500	$0.00
Common Stock	Restricted Stock Units	Disposition	2018-02-01	1,875	$0.00	1,875	$0.00
Common Stock	Restricted Stock Units	Disposition	2018-02-01	1,875	$0.00	1,875	$0.00
Common Stock	Restricted Stock Units	Disposition	2018-02-01	7,500	$0.00	7,500	$0.00
Common Stock	Non-qualified Stock Option (right to buy)	Disposition	2018-02-01	625	$0.00	625	$23.83

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	M	Direct
7,500		No	4	M	Direct
15,000		No	4	M	Direct
22,500		No	4	M	Direct
15,626	2023-02-11	No	4	M	Direct

Footnotes

Vesting of restricted stock units ("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.
Vesting of RSUs granted to the Reporting Person on February 16, 2017.
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 Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 30, 2016.
Represents the aggregate of sales effected on the same day at different prices.
Represents the weighted average sales price per share. The shares sold at prices ranging from $43.70 to $44.69 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
Represents the weighted average sales price per share. The shares sold at prices ranging from $44.70 to $45.63 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
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.
25% of the RSUs vest on February 1, 2018, 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 11, 2017 and 1/48 of the shares subject to the option vests monthly thereafter.