SEC Form 4/A · accession 0001140361-15-026805
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Michael Xie
Officer — VP, Engineering & CTO · Director
Period of report
Jun 3, 2015
Accepted (ET)
Jul 6, 2015 · 6:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001262039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3,F4 | Jun 3, 2015 | S | 25,000 | $40.0486 | D | 6,284,400 | D | |
| Common StockF5 | holding | — | — | — | 462,488 | I | See footnote | |
| Common StockF6 | holding | — | — | — | 2,668,756 | I | See footnote | |
| Common StockF7 | holding | — | — | — | 2,668,756 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 2014.
- F2Represents the aggregate of sales effected on the same day at different prices.
- F3Due to a broker administrative error, the number of directly owned shares sold by the Reporting Person on June 3, 2015 was misreported on a Form 4 filed with the U.S. Securities and Exchange Commission on June 4, 2015. This amended report corrects the total number of shares sold from 30,000 shares to 25,000 shares of the Issuer's common stock. The number of shares reflected in Column 5 of this row is the number directly owned by the Reporting Person as of the filing of this amended report.
- F4Represents the weighted average sales price per share. The shares sold at prices ranging from $39.61 to $40.26 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F5Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
- F6Shares held directly by the 2014 Michael Xie Grantor Retained Annuity Trust dated March 6, 2014, for which the Reporting Person serves as a trustee.
- F7Shares held directly by the 2014 Danke Wu Grantor Retained Annuity Trust dated March 6, 2014, for which the Reporting Person serves as a trustee.