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Filing Details

Accession Number:: 0001567619-19-022038
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-21 17:23:47
Reporting Period:: 2019-11-20

Accepted Time:: 2019-11-21 17:23:47
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	Evp 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	2019-11-20	625	$23.83	9,309	No	4	M	Direct
Common Stock	Acquisiton	2019-11-20	625	$37.24	9,934	No	4	M	Direct
Common Stock	Acquisiton	2019-11-20	1,215	$49.06	11,149	No	4	M	Direct
Common Stock	Disposition	2019-11-20	1,162	$102.51	9,987	No	4	S	Direct
Common Stock	Disposition	2019-11-20	603	$103.86	9,384	No	4	S	Direct
Common Stock	Disposition	2019-11-20	700	$105.07	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	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	Employee Stock Option (right to buy)	Disposition	2019-11-20	625	$0.00	625	$23.83
Common Stock	Employee Stock Option (right to buy)	Disposition	2019-11-20	625	$0.00	625	$37.24
Common Stock	Employee Stock Option (right to buy)	Disposition	2019-11-20	1,215	$0.00	1,215	$49.06

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,501	2023-02-11	No	4	M	Direct
18,125	2024-02-16	No	4	M	Direct
53,488	2025-02-20	No	4	M	Direct

Footnotes

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
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, subject to the Reporting Person's provision of service to the Issuer on each vesting date
1/4 of the shares subject to the option vested on February 16, 2018 and 1/48 of the shares subject to the option vests monthly thereafter, subject to the reporting person's provision of service to the issuer on each vesting date.
1/4 of the shares subject to the option vest on February 20, 2019 and 1/48 of the shares subject to the option vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Represents the weighted average sale price. The lowest price at which shares were sold was $102.29 and the highest price at which shares were sold was $102.80. The reporting person undertakes to provide upon request to the staff of the Securities Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (5), (6) and (7) to this Form 4.
Represents the weighted average sale price. The lowest price at which shares were sold was $103.61 and the highest price at which shares were sold was $104.32.
Represents the weighted average sale price. The lowest price at which shares were sold was $104.77 and the highest price at which shares were sold was $105.47.