SEC Form 4 · accession 0001567619-19-005683
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
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 8:26 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 | Feb 26, 2019 | M | 10,000 | $49.06 | A | 10,669 | D | |
| Common StockF2,F3 | Feb 26, 2019 | S | 10,000 | $86.8394 | D | 669 | D | |
| Common Stock | Feb 28, 2019 | M | 417 | $23.83 | A | 1,086 | D | |
| Common Stock | Feb 28, 2019 | M | 834 | $37.24 | A | 1,920 | D | |
| Common Stock | Feb 28, 2019 | S | 1,251 | $87.83 | D | 669 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified Stock Option (right to buy)F4 | $49.06 | Feb 26, 2019 | M | 10,000 | D | — | Feb 20, 2025 | Common Stock | 10,000 | 30,000 | D |
| Non-qualified stock option (right to buy)F5 | $23.83 | Feb 28, 2019 | M | 417 | D | — | Feb 11, 2023 | Common Stock | 417 | 2,500 | D |
| Non-qualified stock option (right to buy)F6 | $37.24 | Feb 28, 2019 | M | 834 | D | — | Feb 16, 2024 | Common Stock | 834 | 10,000 | 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 November 20, 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 $86.34 to $87.23 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.
- F41/4 of the shares subject to the option vested on February 20, 2019 and 1/48 of the shares subject to the option vest monthly thereafter.
- 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.