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Filing Details

Accession Number:: 0001209191-21-014505
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-25 20:08:13
Reporting Period:: 2021-02-23

Accepted Time:: 2021-02-25 20:08:13
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

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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	2021-02-23	1,251	$37.24	2,088	No	4	M	Direct
Common Stock	Acquisiton	2021-02-23	2,501	$49.06	4,589	No	4	M	Direct
Common Stock	Acquisiton	2021-02-23	2,947	$84.49	7,536	No	4	M	Direct
Common Stock	Disposition	2021-02-23	600	$164.13	6,936	No	4	S	Direct
Common Stock	Disposition	2021-02-23	1,000	$165.30	5,936	No	4	S	Direct
Common Stock	Disposition	2021-02-23	2,000	$166.53	3,936	No	4	S	Direct
Common Stock	Disposition	2021-02-23	1,699	$167.47	2,237	No	4	S	Direct
Common Stock	Disposition	2021-02-23	1,400	$168.65	837	No	4	S	Direct
Common Stock	Acquisiton	2021-02-25	10,185	$114.48	11,022	No	4	M	Direct
Common Stock	Disposition	2021-02-25	600	$166.91	10,422	No	4	S	Direct
Common Stock	Disposition	2021-02-25	4,923	$168.11	5,499	No	4	S	Direct
Common Stock	Disposition	2021-02-25	3,667	$169.16	1,832	No	4	S	Direct
Common Stock	Disposition	2021-02-25	995	$169.81	837	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
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	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	2021-02-23	1,251	$0.00	1,251	$37.24
Common Stock	Employee Stock Option (right to buy)	Disposition	2021-02-23	2,501	$0.00	2,501	$49.06
Common Stock	Employee Stock Option (right to buy)	Disposition	2021-02-23	2,947	$0.00	2,947	$84.49
Common Stock	Employee Stock Option (right to buy)	Disposition	2021-02-25	10,185	$0.00	10,185	$114.48

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2024-02-16	No	4	M	Direct
10,000	2025-02-20	No	4	M	Direct
23,568	2026-02-21	No	4	M	Direct
30,555	2027-02-21	No	4	M	Direct

Footnotes

The transactions 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 $163.74 and the highest price at which shares were sold was $164.59. 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) through (10) to this Form 4.
Represents the weighted average sale price. The lowest price at which shares were sold was $164.96 and the highest price at which shares were sold was $165.85.
Represents the weighted average sale price. The lowest price at which shares were sold was $166.07 and the highest price at which shares were sold was $166.77.
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 $168.08.
Represents the weighted average sale price. The lowest price at which shares were sold was $168.27and the highest price at which shares were sold was $168.94.
Represents the weighted average sale price. The lowest price at which shares were sold was $166.31 and the highest price at which shares were sold was $167.10.
Represents the weighted average sale price. The lowest price at which shares were sold was $167.58 and the highest price at which shares were sold was $168.57.
Represents the weighted average sale price. The lowest price at which shares were sold was $168.59 and the highest price at which shares were sold was $169.54.
Represents the weighted average sale price. The lowest price at which shares were sold was $169.62 and the highest price at which shares were sold was $170.37.
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 vested on February 20, 2019 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.
1/4 of the shares subject to the option vested on February 21, 2020 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.
1/4 of the shares subject to the option will vest on February 21, 2021, 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.