Filing Details
- Accession Number:
- 0001209191-22-006990
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-02-03 19:08:32
- Reporting Period:
- 2022-02-01
- Accepted Time:
- 2022-02-03 19:08:32
- 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 |
|---|---|---|---|---|---|---|---|
| 1476336 | John Whittle | C/O Fortinet, Inc. 899 Kifer Road Sunnyvale CA 94086 | Vp Corp Dev&Strat Alliance,Gc | 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 | 2022-02-01 | 1,095 | $0.00 | 1,095 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2022-02-01 | 700 | $0.00 | 1,795 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2022-02-01 | 496 | $0.00 | 2,291 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2022-02-01 | 2,034 | $0.00 | 4,325 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-02-01 | 1,918 | $302.18 | 2,407 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2022-02-03 | 107 | $296.67 | 2,300 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 200 | $298.54 | 2,100 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 300 | $299.74 | 1,800 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 200 | $302.02 | 1,600 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 300 | $303.40 | 1,300 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 200 | $304.01 | 1,100 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 600 | $305.58 | 500 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 300 | $306.94 | 200 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 100 | $308.35 | 100 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-02-03 | 100 | $310.40 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| 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 | 2022-02-01 | 1,095 | $0.00 | 1,095 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2022-02-01 | 700 | $0.00 | 700 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2022-02-01 | 496 | $0.00 | 496 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2022-02-01 | 2,034 | $0.00 | 2,034 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 2,800 | No | 4 | M | Direct | ||
| 3,966 | No | 4 | M | Direct | ||
| 6,103 | No | 4 | M | Direct |
Footnotes
- Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.
- The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- Represents the weighted average sale price. The lowest price at which shares were sold was $296.67 and the highest price at which shares were sold was $296.71. The Reporting Person undertakes to provide upon request to the staff of the Securities and 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 (4) through (11) to this Form 4.
- Represents the weighted average sale price. The lowest price at which shares were sold was $298.27 and the highest price at which shares were sold was $298.80.
- Represents the weighted average sale price. The lowest price at which shares were sold was $299.61 and the highest price at which shares were sold was $299.92.
- Represents the weighted average sale price. The lowest price at which shares were sold was $301.70 and the highest price at which shares were sold was $302.33.
- Represents the weighted average sale price. The lowest price at which shares were sold was $302.97 and the highest price at which shares were sold was $303.81.
- Represents the weighted average sale price. The lowest price at which shares were sold was $303.98 and the highest price at which shares were sold was $304.03.
- Represents the weighted average sale price. The lowest price at which shares were sold was $305.25 and the highest price at which shares were sold was $306.04.
- Represents the weighted average sale price. The lowest price at which shares were sold was $306.71 and the highest price at which shares were sold was $307.14.
- Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- 25% of the RSUs vested on February 1, 2019, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter until the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- RSUs do not expire; they either vest or are canceled prior to the vesting date.
- 25% of the RSUs vested on February 1, 2020, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter until the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- 25% of the RSUs vested on February 1, 2021, 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.
- 25% of the RSUs vested 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.
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