SEC Form 4 · accession 0001659166-18-000222
Fortive Corp · FTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stacey A. Walker
Officer — SVP - Human Resources
Period of report
Aug 8, 2018
Accepted (ET)
Aug 10, 2018 · 4:07 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 | Aug 8, 2018 | M | 483 | $24.59 | A | 16,960 | D | |
| Common Stock | Aug 8, 2018 | M | 1,049 | $24.93 | A | 18,009 | D | |
| Common Stock | Aug 8, 2018 | M | 1,548 | $32.78 | A | 19,557 | D | |
| Common Stock | Aug 8, 2018 | M | 1,942 | $38.18 | A | 21,499 | D | |
| Common Stock | Aug 8, 2018 | M | 5,802 | $40.12 | A | 27,301 | D | |
| Common Stock | Aug 8, 2018 | M | 2,164 | $43.10 | A | 29,465 | D | |
| Common StockF2 | Aug 8, 2018 | S | 16,420 | $80.71 | D | 13,045 | 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 | $24.59 | Aug 8, 2018 | M | 483 | D | — | Jul 26, 2021 | Common Stock | 483 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $24.93 | Aug 8, 2018 | M | 1,049 | D | — | Jul 25, 2022 | Common Stock | 1,049 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $32.78 | Aug 8, 2018 | M | 1,548 | D | — | Jul 30, 2023 | Common Stock | 1,548 | 776 | D |
| Employee Stock Option (Right to Buy)F6 | $38.18 | Aug 8, 2018 | M | 1,942 | D | — | Jul 15, 2024 | Common Stock | 1,942 | 1,944 | D |
| Employee Stock Option (Right to Buy)F7 | $40.12 | Aug 8, 2018 | M | 5,802 | D | — | Nov 15, 2024 | Common Stock | 5,802 | 3,872 | D |
| Employee Stock Option (Right to Buy)F8 | $43.10 | Aug 8, 2018 | M | 2,164 | D | — | Jul 15, 2025 | Common Stock | 2,164 | 3,247 | 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 July 26, 2011 ("2011 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 2011 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 483 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 25, 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 1,049 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 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 2,324 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, 2014 ("July 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 July 2014 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 3,886 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 November 15, 2014 ("November 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 November 2014 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 9,674 shares of the Issuer's common stock with identical vesting schedule.
- F8Prior 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 5,411 shares of the Issuer's common stock with identical vesting schedule.