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Filing Details

Accession Number:: 0001209191-11-042388
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-08-03 20:19:04
Reporting Period:: 2011-08-01

Filing Date:: 2011-08-03
Accepted Time:: 2011-08-03 20:19:04
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
1189229	B Christopher Paisley	C/O Fortinet, Inc. 1090 Kifer Road Sunnyvale CA 94086		Yes	No	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	Explanation
Common Stock	Acquisiton	2011-08-01	10,000	$0.48	10,000	No	4	M	Direct
Common Stock	Disposition	2011-08-01	10,000	$20.18	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	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	Stock Option (right to buy)	Disposition	2011-08-01	10,000	$0.00	68,000	$0.48
Common Stock	Stock Option (right to buy)	Acquisiton	2011-08-02	15,000	$0.00	15,000	$20.13

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
68,000		2014-02-26	No	4	M	Direct
15,000		2018-08-02	No	4	A	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (right to buy)	$3.74	2015-04-23	96,000	96,000	Direct
Common Stock	Stock Option (right to buy)	$3.84	2016-04-30	24,000	24,000	Direct
Common Stock	Stock Option (right to buy)	$8.99	2017-08-05	24,000	24,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2015-04-23	96,000	96,000	Direct
2016-04-30	24,000	24,000	Direct
2017-08-05	24,000	24,000	Direct

Footnotes

The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 28, 2011.
The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $19.94 to $20.66 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.
On June 1, 2011, the common stock of the Issuer split 2-for-1, in the form of a 100% stock dividend, to all stockholders of record as of the close of business on May 9, 2011 (the "Stock Split").
The option was previously reported as covering 39,000 shares at an exercise price of $0.95 per share, but was adjusted to reflect the Stock Split.
Shares subject to the option are fully vested and immediately exercisable.
The option vests in forty-eight equal monthly installments beginning on September 2, 2011.
The option was previously reported as covering 48,000 shares at an exercise price of $7.47 per share, but was adjusted to reflect the Stock Split.
One forty-eighth of the shares subject to the option vested on May 1, 2008 and one forty-eighth of the shares vest monthly thereafter.
The option was previously reported as covering 12,000 shares at an exercise price of $7.68 per share, but was adjusted to reflect the Stock Split.
One forty-eighth of the shares subject to the option vested on June 1, 2009 and one forty-eighth of the shares vest monthly thereafter.
The option was previously reported as covering 12,000 shares at an exercise price of $17.98 per share, but was adjusted to reflect the Stock Split.
The option vests in forty-eight equal monthly installments beginning on September 5, 2010.