SEC Form 4 · accession 0001140361-17-042184
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher B Paisley
Director
Period of report
Nov 9, 2017
Accepted (ET)
Nov 13, 2017 · 5:01 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 | Nov 13, 2017 | M | 4,000 | $20.13 | A | 72,606 | D | |
| Common StockF2,F3 | Nov 13, 2017 | S | 4,000 | $40.0166 | D | 68,606 | 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 UnitsF4,F5 | $0.00 | Nov 9, 2017 | A | 6,021 | A | — | — | Common Stock | 6,021 | 6,021 | D |
| Non-qualified Stock Option (right to buy)F6 | $20.13 | Nov 13, 2017 | M | 4,000 | D | — | Aug 2, 2018 | Common Stock | 4,000 | 7,000 | D |
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 May 31, 2017.
- F2Represents the aggregate of sales effected on the same day at different prices.
- F3Represents the weighted average sales price per share. The shares sold at prices ranging from $39.77 to $40.18 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.
- F4Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F5100% of the RSUs vest on August 9, 2018, subject to the continuing service of the Reporting Person on the vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- F6The option is 100% vested and exercisable.