SEC Form 4 · accession 0001659166-18-000092
Fortive Corp · FTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter C Underwood
Officer — SVP - General Counsel
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 8:57 pm EST
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 StockF1 | Feb 22, 2018 | A | 9,730 | $0.00 | A | 13,944 | D | |
| Common StockF2,F3 | Feb 22, 2018 | A | 4,030 | — | A | 17,974 | 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)F4 | $76.68 | Feb 22, 2018 | A | 24,420 | A | — | Feb 22, 2028 | Common Stock | 24,420 | 24,420 | D |
Explanation of responses
- F1On February 23, 2017, the Compensation Committee (the "Committee") of the Issuer's Board of Directors awarded the Reporting Person Performance-Based Restricted Stock Awards ("RSAs"). This transaction is being reported in connection with the determination by the Committee on February 22, 2018 that the performance criteria of the RSAs have been achieved. The RSAs remain subject to time-based vesting provisions.
- F2On February 22, 2018, the Committee awarded the Reporting Person Restricted Stock Units ("RSUs"). This transaction is being reported to identify the portion of the RSUs that are subject only to time-based vesting provisions. Pursuant to the terms of the award, additional RSUs may be issued upon determination by the Committee that the corresponding performance criteria have been achieved.
- F3Restricted stock units are payable in shares of common stock on a one-to-one basis.
- F4One third of the options granted vest on each of the third, fourth, and fifth anniversary of the grant date.