SEC Form 4 · accession 0001659166-18-000134
Fortive Corp · FTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Emily A. Weaver
Officer — VP - Chief Accounting Officer
Period of report
May 7, 2018
Accepted (ET)
May 9, 2018 · 4:59 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 StockF1 | May 7, 2018 | M | 2,049 | — | A | 10,627 | D | |
| Common Stock | May 7, 2018 | F | 500 | $73.54 | D | 10,127 | D | |
| Common Stock | May 8, 2018 | M | 14,502 | $42.55 | A | 24,629 | D | |
| Common StockF2 | May 8, 2018 | S | 18,354 | $73.80 | D | 6,275 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | — | May 7, 2018 | M | 2,049 | D | — | — | Common Stock | 2,049 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $42.55 | May 8, 2018 | M | 14,502 | D | — | Feb 24, 2026 | Common Stock | 14,502 | 21,756 | D |
Explanation of responses
- F1Restricted stock units are payable in shares of common stock on a one-to-one basis.
- F2The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.74 to $73.82. 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.
- F3In connection with the separation (the "Separation") of the Issuer from Danaher Corporation ("Danaher"), Restricted Stock Units issued by Danaher on May 7, 2013 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 4,098 Restricted Stock Units of the Issuer vesting in two remaining equal annual installments beginning on May 5, 2017.
- F4In connection with the Separation, options to purchase Danaher common stock issued by Danaher on February 24, 2016 to the Reporting Person that remained outstanding as of July 2, 2016 were converted into options to purchase 36,258 shares of Issuer's common stock vesting in five equal annual installments beginning on February 24, 2017.