Home > Insider Trading > Filing (0001209191-21-012675)

Filing Details

Accession Number:: 0001209191-21-012675
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-22 16:11:57
Reporting Period:: 2021-02-18

Accepted Time:: 2021-02-22 16:11:57
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
1418649	Keith Jensen	C/O Fortinet, Inc. 899 Kifer Road Sunnyvale CA 94086	Cfo & Chief Accounting Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2021-02-18	700	$164.70	4,487	No	4	S	Direct
Common Stock	Disposition	2021-02-18	1,201	$165.56	3,286	No	4	S	Direct
Common Stock	Disposition	2021-02-18	600	$166.23	2,686	No	4	S	Direct
Common Stock	Disposition	2021-02-18	1,849	$167.71	837	No	4	S	Direct

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

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2021-02-19	12,781	$0.00	12,781	$0.00
Common Stock	Employee Stock Option (right to buy)	Disposition	2021-02-19	38,343	$0.00	38,343	$171.93

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
12,781			No	4	A	Direct
38,343		2028-02-19	No	4	A	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.
Represents the weighted average sale price. The lowest price at which shares were sold was $164.00 and the highest price at which shares were sold was $165.00. 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 (2), (3), (4) and (5) to this Form 4.
Represents the weighted average sale price. The lowest price at which shares were sold was $165.02 and the highest price at which shares were sold was $165.99.
Represents the weighted average sale price. The lowest price at which shares were sold was $166.03 and the highest price at which shares were sold was $166.62.
Represents the weighted average sale price. The lowest price at which shares were sold was $167.17 and the highest price at which shares were sold was $168.12.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
25% of the RSUs will vest on February 1, 2022, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
RSUs do not expire; they either vest or are canceled prior to the vesting date.
1/4 of the shares subject to the option will vest on February 19, 2022, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.