SEC Form 4 · accession 0001140361-16-064400
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher B Paisley
Director
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 6:30 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 Stock | May 6, 2016 | M | 331 | $0.00 | A | 54,005 | D | |
| Common Stock | May 8, 2016 | M | 312 | $0.00 | A | 54,317 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | $0.00 | May 6, 2016 | M | 331 | D | — | — | Common Stock | 331 | 2,982 | D |
| Restricted Stock UnitsF3,F5 | $0.00 | May 8, 2016 | M | 312 | D | — | — | Common Stock | 312 | 313 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 6, 2014.
- F2Vesting of RSUs granted to the Reporting Person on August 8, 2012.
- F3Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F425% of the RSUs vested on August 6, 2015, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing service of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- F525% of the RSUs vested on August 8, 2013, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing service of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.