SEC Form 4 · accession 0001567619-19-004888
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
Feb 15, 2019
Accepted (ET)
Feb 19, 2019 · 5:14 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 StockF2 | Feb 15, 2019 | S | 328 | $83.36 | D | 8,684 | D | |
| Common Stock | Feb 19, 2019 | M | 626 | $23.83 | A | 9,310 | D | |
| Common Stock | Feb 19, 2019 | M | 626 | $37.24 | A | 9,936 | D | |
| Common StockF3,F4 | Feb 19, 2019 | S | 1,100 | $83.3655 | D | 8,836 | D | |
| Common StockF3,F5 | Feb 19, 2019 | S | 152 | $84.191 | 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)F6 | $23.83 | Feb 19, 2019 | M | 626 | D | — | Feb 11, 2023 | Common Stock | 626 | 7,500 | D |
| Non-qualified stock option (right to buy)F7 | $37.24 | Feb 19, 2019 | M | 626 | D | — | Feb 16, 2024 | Common Stock | 626 | 23,124 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person on March 9, 2018.
- F2These shares were previously acquired by the Reporting Person under the Issuer's employee stock purchase plan on February 14, 2019.
- F3Represents the aggregate of sales effected on the same day at different prices.
- F4Represents the weighted average sales price per share. The shares sold at prices ranging from $83.13 to $83.57 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.
- F5Represents the weighted average sales price per share. The shares sold at prices ranging from $84.19 to $84.20 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.
- F61/4 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.
- F71/4 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.