SEC Form 4 · accession 0001567619-18-008736
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
Dec 24, 2018
Accepted (ET)
Dec 27, 2018 · 4:05 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 | Dec 24, 2018 | M | 209 | $23.83 | A | 829 | D | |
| Common Stock | Dec 24, 2018 | M | 417 | $37.24 | A | 1,246 | D | |
| Common Stock | Dec 24, 2018 | S | 626 | $65.00 | D | 620 | 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 | Dec 24, 2018 | M | 209 | D | — | Feb 11, 2023 | Common Stock | 209 | 2,917 | D |
| Non-qualified Stock Option (right to buy)F3 | $37.24 | Dec 24, 2018 | M | 417 | D | — | Feb 16, 2024 | Common Stock | 417 | 10,834 | 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.
- F21/4 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.
- F31/4 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.