SEC Form 4 · accession 0001140361-18-023072
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Jensen
Officer — CFO & Chief Accounting Officer
Period of report
May 10, 2018
Accepted (ET)
May 11, 2018 · 4:50 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 10, 2018 | M | 1,042 | $23.83 | A | 10,454 | D | |
| Common Stock | May 10, 2018 | M | 5,833 | $37.24 | A | 16,287 | D | |
| Common StockF2,F3 | May 10, 2018 | S | 3,850 | $59.4212 | D | 12,437 | D | |
| Common StockF2,F4 | May 10, 2018 | S | 9,075 | $60.0621 | D | 3,362 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (right to buy)F5 | $23.83 | May 10, 2018 | M | 1,042 | D | — | Feb 11, 2023 | Common Stock | 1,042 | 4,584 | D |
| Non-qualified Stock Option (right to buy)F6 | $37.24 | May 10, 2018 | M | 5,833 | D | — | Feb 16, 2024 | Common Stock | 5,833 | 14,167 | 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 March 1, 2018.
- 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 $58.91 to $59.88 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.
- F4Represents the weighted average sales price per share. The shares sold at prices ranging from $59.91 to $60.27 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.
- F51/4 of the shares subject to the option vested on February 11, 2017 and 1/48 of the shares subject to the option vest monthly thereafter.
- F61/4 of the shares subject to the option vested on February 16, 2018 and 1/48 of the shares subject to the option vest monthly thereafter.