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Filing Details

Accession Number:: 0001209191-21-049493
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-03 20:23:57
Reporting Period:: 2021-08-01

Accepted Time:: 2021-08-03 20:23:57
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
1476336	John Whittle	C/O Fortinet, Inc. 899 Kifer Road Sunnyvale CA 94086	Vp Corp Dev&Strat Alliance,Gc	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	Acquisiton	2021-08-01	1,095	$0.00	1,095	No	4	M	Direct
Common Stock	Acquisiton	2021-08-01	700	$0.00	1,795	No	4	M	Direct
Common Stock	Acquisiton	2021-08-01	496	$0.00	2,291	No	4	M	Direct
Common Stock	Disposition	2021-08-01	1,137	$272.24	1,154	No	4	F	Direct
Common Stock	Acquisiton	2021-08-03	3,647	$49.06	4,801	No	4	M	Direct
Common Stock	Acquisiton	2021-08-03	2,100	$84.49	6,901	No	4	M	Direct
Common Stock	Acquisiton	2021-08-03	1,487	$114.48	8,388	No	4	M	Direct
Common Stock	Disposition	2021-08-03	1,454	$285.19	6,934	No	4	S	Direct
Common Stock	Disposition	2021-08-03	400	$286.62	6,534	No	4	S	Direct
Common Stock	Disposition	2021-08-03	700	$287.98	5,834	No	4	S	Direct
Common Stock	Disposition	2021-08-03	700	$288.87	5,134	No	4	S	Direct
Common Stock	Disposition	2021-08-03	426	$290.06	4,708	No	4	S	Direct
Common Stock	Disposition	2021-08-03	200	$291.00	4,508	No	4	S	Direct
Common Stock	Disposition	2021-08-03	400	$292.29	4,108	No	4	S	Direct
Common Stock	Disposition	2021-08-03	697	$293.55	3,411	No	4	S	Direct
Common Stock	Disposition	2021-08-03	1,100	$295.18	2,311	No	4	S	Direct
Common Stock	Disposition	2021-08-03	600	$296.22	1,711	No	4	S	Direct
Common Stock	Disposition	2021-08-03	1,711	$297.42	0	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	F	Direct
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	S	Direct
No	4	S	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	Restricted Stock Units	Disposition	2021-08-01	1,095	$0.00	1,095	$0.00
Common Stock	Restricted Stock Units	Disposition	2021-08-01	700	$0.00	700	$0.00
Common Stock	Restricted Stock Units	Disposition	2021-08-01	496	$0.00	496	$0.00
Common Stock	Stock Option (right to buy)	Disposition	2021-08-03	3,647	$0.00	3,647	$49.06
Common Stock	Stock Option (right to buy)	Disposition	2021-08-03	2,100	$0.00	2,100	$84.49
Common Stock	Stock Option (right to buy)	Disposition	2021-08-03	1,487	$0.00	1,487	$114.48

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,189		No	4	M	Direct
4,200		No	4	M	Direct
4,958		No	4	M	Direct
29,175	2025-02-20	No	4	M	Direct
13,298	2026-02-21	No	4	M	Direct
15,369	2027-02-21	No	4	M	Direct

Footnotes

Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
The reported transaction was 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 $285.00 and the highest price at which shares were sold was $285.91. 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 (4) through (14) to this Form 4.
Represents the weighted average sale price. The lowest price at which shares were sold was $286.32 and the highest price at which shares were sold was $287.31.
Represents the weighted average sale price. The lowest price at which shares were sold was $287.51 and the highest price at which shares were sold was $288.49.
Represents the weighted average sale price. The lowest price at which shares were sold was $288.56 and the highest price at which shares were sold was $289.32.
Represents the weighted average sale price. The lowest price at which shares were sold was $289.65 and the highest price at which shares were sold was $290.64.
Represents the weighted average sale price. The lowest price at which shares were sold was $290.85 and the highest price at which shares were sold was $291.15.
Represents the weighted average sale price. The lowest price at which shares were sold was $291.98 and the highest price at which shares were sold was $292.73.
Represents the weighted average sale price. The lowest price at which shares were sold was $293.15 and the highest price at which shares were sold was $294.06.
Represents the weighted average sale price. The lowest price at which shares were sold was $294.70 and the highest price at which shares were sold was $295.45.
Represents the weighted average sale price. The lowest price at which shares were sold was $295.70 and the highest price at which shares were sold was $296.42.
Represents the weighted average sale price. The lowest price at which shares were sold was $296.89 and the highest price at which shares were sold was $297.75.
Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
25% of the RSUs vested on February 1, 2019, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter until the RSUs are 100% vested, subject to the continuing employment of the Reporting Person 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 vesting date.
25% of the RSUs vested on February 1, 2020, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter until the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
25% of the RSUs vested on February 1, 2021, 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.
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.