SEC Form 4 · accession 0001140361-16-048485
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Xie
Officer — VP, Engineering & CTO · Director
Period of report
Jan 21, 2016
Accepted (ET)
Jan 22, 2016 · 4:25 pm EST
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 Stock | Jan 21, 2016 | M | 200,000 | $3.735 | A | 6,482,000 | D | |
| Common StockF1 | holding | — | — | — | 462,488 | I | See footnote | |
| Common StockF2 | holding | — | — | — | 2,251,323 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 2,251,323 | I | See footnote | |
| Common StockF4 | holding | — | — | — | 754,866 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $3.735 | Jan 21, 2016 | M | 200,000 | D | — | Jan 28, 2016 | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
- F2Shares held directly by the 2014 Michael Xie Grantor Retained Annuity Trust dated March 6, 2014, for which the Reporting Person serves as a trustee.
- F3Shares held directly by the 2014 Danke Wu Grantor Retained Annuity Trust dated March 6, 2014, for which the Reporting Person serves as a trustee.
- F4Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
- F5The option is 100% vested and exercisable.