SEC Form 4 · accession 0001659166-18-000221

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

Aug 8, 2018

Accepted (ET)

Aug 10, 2018 · 4:06 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
Common Stock	Aug 8, 2018	M	1,853	$25.52	A	13,244	D
Common Stock	Aug 8, 2018	M	2,690	$32.78	A	15,934	D
Common Stock	Aug 8, 2018	M	2,590	$38.18	A	18,524	D
Common Stock	Aug 8, 2018	M	4,326	$43.10	A	22,850	D
Common Stock	Aug 8, 2018	M	14,502	$42.55	A	37,352	D
Common Stock^F2	Aug 8, 2018	S	30,912	$80.71	D	6,440	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)^F3	$25.52	Aug 8, 2018	M	1,853	D	—	Nov 1, 2022	Common Stock	1,853	0	D
Employee Stock Option (Right to Buy)^F4	$32.78	Aug 8, 2018	M	2,690	D	—	Jul 30, 2023	Common Stock	2,690	0	D
Employee Stock Option (Right to Buy)^F5	$38.18	Aug 8, 2018	M	2,590	D	—	Jul 15, 2024	Common Stock	2,590	1,296	D
Employee Stock Option (Right to Buy)^F6	$43.10	Aug 8, 2018	M	4,326	D	—	Jul 15, 2025	Common Stock	4,326	2,888	D
Employee Stock Option (Right to Buy)^F7	$42.55	Aug 8, 2018	M	14,502	D	—	Feb 24, 2026	Common Stock	14,502	21,756	D

Explanation of responses

F1The transaction was effectuated pursuant to a Rule 10b5-1 trading plan.
F2The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.41 to $81.28. 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.
F3Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-fifth of the stock options issued by Danaher on November 1, 2012 ("2012 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversary 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 vesting schedule.
F4Prior to the Separation, one-fifth of the stock options issued by Danaher on July 30, 2013 ("2013 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversary 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 vesting schedule.
F5Prior to the Separation, one-fifth of the stock options issued by Danaher on July 15, 2014 ("2014 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversary 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 vesting schedule.
F6Prior to the Separation, one-fifth of the stock options issued by Danaher on July 15, 2015 ("2015 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversary of the grant date. In connection with the Separation, the 2015 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 7,214 shares of the Issuer's common stock with identical vesting schedule.
F7Prior to the Separation, one-fifth of the stock options issued by Danaher on February 24, 2016 ("2016 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversary of the grant date. In connection with the Separation, the 2016 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 36,258 shares of the Issuer's common stock with identical vesting schedule.