SEC Form 4 · accession 0001659166-19-000081
Fortive Corp · FTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barbara B. Hulit
Officer — Senior Vice President
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 6:07 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,F2 | Feb 25, 2019 | A | 1,376 | — | A | 55,432 | D | |
| Common StockF3,F2 | Feb 25, 2019 | A | 4,845 | — | A | 60,277 | 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 | $81.60 | Feb 25, 2019 | A | 29,360 | A | — | Feb 25, 2029 | Common Stock | 29,360 | 29,360 | D |
Explanation of responses
- F1On February 22, 2018, the Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Restricted Stock Units ("RSUs") with the opportunity to earn additional RSUs ("Additional RSUs") upon achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 25, 2019 that the performance criteria of the Additional RSUs have been achieved. The Additional RSUs remain subject to time-based vesting provisions.
- F2Restricted stock units are payable in shares of common stock on a one-to-one basis.
- F3On February 25, 2019, the Committee awarded the Reporting Person 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.
- F4One third of the options granted vest on each of the third, fourth, and fifth anniversary of the grant date.