SEC Form 4 · accession 0001659166-19-000087
Fortive Corp · FTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan L Schwarz
Officer — VP - Corporate Development
Period of report
Feb 28, 2019
Accepted (ET)
Mar 1, 2019 · 7:11 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 Stock | Feb 28, 2019 | M | 3,746 | $15.09 | A | 17,740 | D | |
| Common StockF1 | Feb 28, 2019 | S | 3,746 | $81.63 | D | 13,994 | 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 | $15.09 | Feb 28, 2019 | M | 3,746 | D | — | Jul 27, 2019 | Common Stock | 3,746 | 0 | 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 $81.62 to $81.65. 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 July 27, 2009 ("2009 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 2009 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 3,746 shares of the Issuer's common stock with identical vesting schedule.