SEC Form 4 · accession 0001140361-18-025563
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ken Xie
Officer — President & CEO · Director
Period of report
May 24, 2018
Accepted (ET)
May 24, 2018 · 6:31 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 | 50,000 | $20.13 | A | 12,562,906 | D | |
| Common StockF1,F2 | May 24, 2018 | S | 50,000 | $60.5142 | D | 12,512,906 | D |
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)F3 | $20.13 | May 24, 2018 | M | 50,000 | D | — | Aug 2, 2018 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1Represents the aggregate of sales effected on the same day at different prices.
- F2Represents the weighted average sales price per share. The shares sold at prices ranging from $60.00 to $60.81 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.
- F3The option is 100% vested and exercisable.