SEC Form 4 · accession 0001659166-18-000265
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
Nov 2, 2018
Accepted (ET)
Nov 5, 2018 · 8:52 am 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 Stock | Nov 2, 2018 | M | 2,558 | $30.02 | A | 9,279 | D | |
| Common Stock | Nov 2, 2018 | M | 1,941 | $38.18 | A | 11,220 | D | |
| Common Stock | Nov 2, 2018 | M | 4,326 | $43.10 | A | 15,546 | D | |
| Common StockF1 | Nov 2, 2018 | S | 9,271 | $75.41 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $30.02 | Nov 2, 2018 | M | 2,558 | D | — | May 7, 2023 | Common Stock | 2,558 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $38.18 | Nov 2, 2018 | M | 1,941 | D | — | Jul 15, 2024 | Common Stock | 1,941 | 649 | D |
| Employee Stock Option (Right to Buy)F4 | $43.10 | Nov 2, 2018 | M | 4,326 | D | — | Jul 15, 2025 | Common Stock | 4,326 | 2,888 | 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 $75.220 to $75.459. 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"), one-fifth of the stock options issued by Danaher on May 7, 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 2,558 shares of the Issuer's common stock with identical vesting schedule.
- F3Prior 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 2,590 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 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.