Home > Insider Trading > Filing (0001659166-20-000029)

Filing Details

Accession Number:: 0001659166-20-000029
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-21 18:31:23
Reporting Period:: 2020-02-19

Accepted Time:: 2020-02-21 18:31:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1659166	Fortive Corp	FTV	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1210231	A James Lico	6920 Seaway Blvd Everett WA 98203	President And Ceo	Yes	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	2020-02-19	125,000	$18.21	465,237	No	4	M	Direct
Common Stock	Disposition	2020-02-19	121,000	$76.94	344,237	No	4	S	Direct
Common Stock	Disposition	2020-02-19	4,000	$77.90	340,237	No	4	S	Direct
Common Stock	Acquisiton	2020-02-20	30,673	$0.00	370,910	No	4	A	Direct
Common Stock	Disposition	2020-02-20	12,067	$76.79	358,843	No	4	F	Direct
Common Stock	Acquisiton	2020-02-20	35,710	$0.00	394,553	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	A	Direct
No	4	F	Direct
No	4	A	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	2020-02-19	125,000	$0.00	125,000	$18.21
Common Stock	Employee Stock Option (Right to Buy)	Acquisiton	2020-02-20	216,370	$0.00	216,370	$76.79

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
70,293		2020-02-23	No	4	M	Direct
216,370		2030-02-20	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	19,487	Indirect	By 401(k)

Footnotes

The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.80 to $77.79. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.84 to $77.97. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
On February 23, 2017, the Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Performance Stock Awards ("RSAs") subject to achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 20, 2020 that the performance criteria of the RSAs have been achieved. The shares remain subject to a two-year holding period requirement.
On February 20, 2020, the Committee awarded the Reporting Person restricted stock units ("RSUs"). This transaction is being reported to identify the portion of the RSUs that are subject only to time-based vesting provisions. Pursuant to the terms of the award, additional RSUs may be issued upon determination by the Committee that the corresponding performance criteria have been achieved.
RSUs are payable in shares of common stock on a one-to-one basis.
Based on a plan statement dated as of January 31, 2020.
Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), the stock options issued by Danaher on February 23, 2010 ("2010 Danaher Options") to the Reporting Person became exercisable ratably on fourth and fifth anniversary of the grant date. In connection with the Separation, the 2010 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 195,293 shares of the Issuer's common stock with identical vesting schedule.
One half of the options granted vest on each of the fourth and fifth anniversary of the grant date.