SEC Form 4 · accession 0001659166-17-000141
Fortive Corp · FTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raj Ratnakar
Officer — VP - Strategic Development
Period of report
May 23, 2017
Accepted (ET)
May 24, 2017 · 9:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001659166
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 23, 2017 | M | 1,852 | $25.52 | A | 5,020 | D | |
| Common Stock | May 23, 2017 | M | 4,032 | $32.78 | A | 9,052 | D | |
| Common Stock | May 23, 2017 | M | 2,590 | $38.18 | A | 11,642 | D | |
| Common StockF1 | May 23, 2017 | S | 11,642 | $62.31 | D | 0 | 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)F2 | $25.52 | May 23, 2017 | M | 1,852 | D | — | Nov 1, 2022 | Common Stock | 1,852 | 1,853 | D |
| Employee Stock Option (Right to Buy)F3 | $32.78 | May 23, 2017 | M | 4,032 | D | — | Jul 30, 2023 | Common Stock | 4,032 | 2,690 | D |
| Employee Stock Option (Right to Buy)F4 | $38.18 | May 23, 2017 | M | 2,590 | D | — | Jul 15, 2024 | Common Stock | 2,590 | 3,886 | D |
Explanation of responses
- F1The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.131 to $62.420. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F2Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), Danaher issued stock options on November 1, 2012 ("2012 Danaher Options") to the Reporting Person with one-fifth of the 2012 Danaher Options exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2012 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 3,705 shares of the Issuer's common stock with identical remaining vesting schedule.
- F3Prior to the Separation, Danaher issued stock options on July 30, 2013 ("2013 Danaher Options") to the Reporting Person with one-fifth of the 2013 Danaher Options exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2013 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 6,722 shares of the Issuer's common stock with identical remaining vesting schedule.
- F4Prior to the Separation, Danaher issued stock options on July 15, 2014 ("2014 Danaher Options") to the Reporting Person with one-fifth of the 2014 Danaher Options exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2014 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 6,476 shares of the Issuer's common stock with identical remaining vesting schedule.