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Filing Details

Accession Number:: 0001659166-20-000046
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-24 20:22:03
Reporting Period:: 2020-02-20

Accepted Time:: 2020-02-24 20:22:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1659166	Fortive Corp	FTV	Industrial Instruments For Measurement, Display, And Control (3823)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1671511	E Charles Mclaughlin	6920 Seaway Blvd Everett WA 98203	Svp - Chief Financial Officer	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	2020-02-20	10,225	$0.00	50,764	No	4	A	Direct
Common Stock	Acquisiton	2020-02-21	14,224	$18.21	64,988	No	4	M	Direct
Common Stock	Disposition	2020-02-21	14,224	$76.07	50,764	No	4	S	Direct
Common Stock	Disposition	2020-02-21	2,338	$75.81	48,426	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	M	Direct
No	4	S	Direct
No	4	F	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)	Acquisiton	2020-02-20	61,960	$0.00	61,960	$76.79
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2020-02-21	14,224	$0.00	14,224	$18.21

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
61,960		2030-02-20	No	4	A	Direct
0		2020-02-23	No	4	M	Direct

Footnotes

On February 20, 2020, the Compensation Committee of the Issuer (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.
The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.05 to $76.16. 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.
This transaction relates to the withholding of certain shares for tax purposes in connection with the vesting and distribution of performance-based restricted stock awards.
One third of the options granted vest on each of the third, fourth, and fifth anniversary of the grant date.
Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-fifth of the stock options issued by Danaher on February 23, 2010 ("2010 Danaher Options") to the Reporting Person became exercisable on each of the first five 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 14,224 shares of the Issuer's common stock with identical vesting schedule.