Filing Details

Accession Number:
0001181431-11-020583
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-03-29 17:31:06
Reporting Period:
2011-03-28
Filing Date:
2011-03-29
Accepted Time:
2011-03-29 17:31:06
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
1475586 Michael Xie C/O Fortinet, Inc. 1090 Kifer Road
Sunnyvale CA 94086
Vp, Engineering & Cto Yes 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 Disposition 2011-03-28 20,000 $42.69 3,830,000 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,500,000 Indirect See footnote
Common Stock 1,500,000 Indirect See footnote
Footnotes
  1. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 8, 2010.
  2. The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $42.12 to $43.03 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
  3. Excludes an aggregate of 3,000,000 shares previously reported as held directly by Reporting Person which were re-registered on February 14, 2011 and are now held directly by the Michael Xie Grantor Retained Annuity Trust dated February 9, 2011 for which the Reporting Person serves as a trustee (the "M. Xie GRAT") and the Danke Wu Grantor Retained Annuity Trust dated February 9, 2011 for which the Reporting Person serves as a trustee (the "D. Wu GRAT").
  4. Includes 1,500,000 shares previously reported as held directly by the Reporting Person which were re-registered on February 14, 2011 and are now held directly by the M. Xie GRAT.
  5. Includes 1,500,000 shares previously reported as held directly by the Reporting Person which were re-registered on February 14, 2011 and are now held directly by the D. Wu GRAT.