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Filing Details

Accession Number:: 0001659166-21-000081
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-26 19:51:55
Reporting Period:: 2021-02-24

Accepted Time:: 2021-02-26 19:51:55
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
1670864	W William Pringle	6920 Seaway Blvd Everett WA 98203	Senior Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-02-24	518	$0.00	69,202	No	4	A	Direct
Common Stock	Acquisiton	2021-02-24	3,852	$0.00	73,054	No	4	A	Direct
Common Stock	Acquisiton	2021-02-24	13,087	$35.38	86,141	No	4	M	Direct
Common Stock	Disposition	2021-02-24	8,722	$67.43	77,419	No	4	S	Direct
Common Stock	Disposition	2021-02-24	4,365	$67.37	73,054	No	4	S	Direct
Common Stock	Acquisiton	2021-02-24	4,313	$0.00	77,367	No	4	M	Direct
Common Stock	Disposition	2021-02-24	1,789	$67.64	75,578	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2021-02-24	13,087	$0.00	13,087	$35.38
Common Stock	Restricted Stock Unit	Disposition	2021-02-24	4,313	$0.00	4,313	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2026-02-24	No	4	M	Direct
0			No	4	M	Direct

Footnotes

On February 20, 2020, the 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 24, 2021 that the performance criteria of the Additional RSUs have been achieved. The Additional RSUs remain subject to time-based vesting provisions.
Restricted stock units are payable in shares of common stock on a one-to-one basis.
On February 22, 2018, the Committee awarded the Reporting Person Performance Stock Units ("PSUs") subject to achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 24, 2021 that the performance criteria of the PSUs have been achieved. The shares remain subject to a two-year holding period requirement.
This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
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 24, 2016 ("2016 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2016 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 54,357 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.
In connection with the separation of the Issuer from Danaher, Restricted Stock Units issued by Danaher on February 24, 2016 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 17,946 Restricted Stock Units of the Issuer vesting in five equal annual installments beginning on February 24, 2017. In addition, the total number of outstanding Restricted Stock Units of the Issuer reflects an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.