Filing Details

Accession Number:
0001659166-20-000046
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-02-24 20:22:03
Reporting Period:
2020-02-20
Accepted Time:
2020-02-24 20:22:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1659166 Fortive Corp FTV Industrial Instruments For Measurement, Display, And Control (3823) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1671511 E Charles Mclaughlin 6920 Seaway Blvd
Everett WA 98203
Svp - Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-02-20 10,225 $0.00 50,764 No 4 A Direct
Common Stock Acquisiton 2020-02-21 14,224 $18.21 64,988 No 4 M Direct
Common Stock Disposition 2020-02-21 14,224 $76.07 50,764 No 4 S Direct
Common Stock Disposition 2020-02-21 2,338 $75.81 48,426 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 M Direct
No 4 S Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (Right to Buy) Acquisiton 2020-02-20 61,960 $0.00 61,960 $76.79
Common Stock Employee Stock Option (Right to Buy) Disposition 2020-02-21 14,224 $0.00 14,224 $18.21
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
61,960 2030-02-20 No 4 A Direct
0 2020-02-23 No 4 M Direct
Footnotes
  1. On February 20, 2020, the Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person restricted stock units ("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.
  2. RSUs are payable in shares of common stock on a one-to-one basis.
  3. The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.05 to $76.16. 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.
  4. This transaction relates to the withholding of certain shares for tax purposes in connection with the vesting and distribution of performance-based restricted stock awards.
  5. One third of the options granted vest on each of the third, fourth, and fifth anniversary of the grant date.
  6. Prior 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 February 23, 2010 ("2010 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 2010 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 14,224 shares of the Issuer's common stock with identical vesting schedule.