SEC Form 4 · accession 0001140361-18-025561
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Whittle
Officer — VP CorpDev&Strat Alliance, GC
Period of report
May 24, 2018
Accepted (ET)
May 24, 2018 · 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 24, 2018 | M | 625 | $23.83 | A | 9,309 | D | |
| Common Stock | May 24, 2018 | M | 625 | $37.24 | A | 9,934 | D | |
| Common Stock | May 24, 2018 | S | 1,250 | $60.00 | D | 8,684 | 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)F2 | $23.83 | May 24, 2018 | M | 625 | D | — | Feb 11, 2023 | Common Stock | 625 | 13,126 | D |
| Non-qualified Stock Option (right to buy)F3 | $37.24 | May 24, 2018 | M | 625 | D | — | Feb 16, 2024 | Common Stock | 625 | 28,750 | 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 9, 2018.
- F21/4 of the shares subject to the option vested on February 11, 2017 and 1/48 of the shares subject to the option vests monthly thereafter.
- F31/4 of the shares subject to the option vested on February 16, 2018 and 1/48 of the shares subject to the option vests monthly thereafter.