Filing Details

Accession Number:
0001209191-21-012675
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-02-22 16:11:57
Reporting Period:
2021-02-18
Accepted Time:
2021-02-22 16:11:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1262039 Fortinet Inc. FTNT Computer Peripheral Equipment, Nec (3577) 770560389
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1418649 Keith Jensen C/O Fortinet, Inc.
899 Kifer Road
Sunnyvale CA 94086
Cfo & Chief Accounting 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 Disposition 2021-02-18 700 $164.70 4,487 No 4 S Direct
Common Stock Disposition 2021-02-18 1,201 $165.56 3,286 No 4 S Direct
Common Stock Disposition 2021-02-18 600 $166.23 2,686 No 4 S Direct
Common Stock Disposition 2021-02-18 1,849 $167.71 837 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2021-02-19 12,781 $0.00 12,781 $0.00
Common Stock Employee Stock Option (right to buy) Disposition 2021-02-19 38,343 $0.00 38,343 $171.93
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
12,781 No 4 A Direct
38,343 2028-02-19 No 4 A Direct
Footnotes
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
  2. Represents the weighted average sale price. The lowest price at which shares were sold was $164.00 and the highest price at which shares were sold was $165.00. The reporting person undertakes to provide upon request to the staff of the Securities Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (4) and (5) to this Form 4.
  3. Represents the weighted average sale price. The lowest price at which shares were sold was $165.02 and the highest price at which shares were sold was $165.99.
  4. Represents the weighted average sale price. The lowest price at which shares were sold was $166.03 and the highest price at which shares were sold was $166.62.
  5. Represents the weighted average sale price. The lowest price at which shares were sold was $167.17 and the highest price at which shares were sold was $168.12.
  6. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
  7. 25% of the RSUs will vest on February 1, 2022, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
  8. RSUs do not expire; they either vest or are canceled prior to the vesting date.
  9. 1/4 of the shares subject to the option will vest on February 19, 2022, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.