Filing Details

Accession Number:
0001209191-11-042380
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-08-03 19:57:30
Reporting Period:
2011-08-02
Filing Date:
2011-08-03
Accepted Time:
2011-08-03 19:57:30
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
1475587 Ken Xie C/O Fortinet, Inc.
1090 Kifer Road
Sunnyvale CA 94086
President & Ceo Yes Yes Yes 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 2011-08-02 55,500 $20.58 12,424,398 No 4 S Direct
Common Stock Disposition 2011-08-02 4,500 $21.10 12,419,898 No 4 S Direct
Common Stock Disposition 2011-08-02 12,000 $0.00 12,407,898 No 5 G Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 5 G Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Acquisiton 2011-08-02 50,000 $0.00 50,000 $20.13
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
50,000 2018-08-02 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,403,144 Indirect See footnote
Common Stock 2,403,144 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 February 23, 2011.
  2. The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $20.01 to $21.00 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 within the ranges set forth in footnotes (2) and (3) to this Form 4.
  3. The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $21.01 to $21.21 per share.
  4. Shares held directly by The Ken Xie 2009 Grantor Retained Annuity Trust dated September 10, 2009 for which the Reporting Person serves as trustee.
  5. Shares held directly by The Winnie Hiu-Yin Lee 2009 Grantor Retained Annuity Trust dated September 10, 2009 for which the Reporting Person's spouse serves as trustee.
  6. One-fourth of the shares subject to the option vest on August 2, 2012 and one forty-eighth of the shares shall vest monthly thereafter.