Filing Details

Accession Number:
0001209191-23-008525
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-10 18:28:23
Reporting Period:
2023-02-09
Accepted Time:
2023-02-10 18:28:23
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
1924858 Patrice Perche C/O Fortinet, Inc.
899 Kifer Road
Sunnyvale CA 94086
Chief Revenue Off./Evp Supp. 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 2023-02-09 52,085 $9.81 217,819 No 4 M Direct
Common Stock Acquisiton 2023-02-09 164,470 $16.90 382,289 No 4 M Direct
Common Stock Acquisiton 2023-02-09 133,250 $22.90 515,539 No 4 M Direct
Common Stock Acquisiton 2023-02-09 85,685 $34.39 601,224 No 4 M Direct
Common Stock Disposition 2023-02-09 280,515 $58.06 320,709 No 4 S Direct
Common Stock Disposition 2023-02-09 112,035 $59.16 208,674 No 4 S Direct
Common Stock Disposition 2023-02-09 179,065 $60.23 29,609 No 4 S Direct
Common Stock Disposition 2023-02-09 3,879 $60.72 25,730 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 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 Stock Option (right to buy) Disposition 2023-02-09 52,085 $0.00 52,085 $9.81
Common Stock Stock Option (right to buy) Disposition 2023-02-09 164,470 $0.00 164,470 $16.90
Common Stock Stock Option (right to buy) Disposition 2023-02-09 133,250 $0.00 133,250 $22.90
Common Stock Stock Option (right to buy) Disposition 2023-02-09 85,685 $0.00 85,685 $34.39
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2025-02-20 No 4 M Direct
3,500 2026-02-21 No 4 M Direct
49,495 2027-02-21 No 4 M Direct
93,145 2028-02-19 No 4 M Direct
Footnotes
  1. The reported transaction was 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 $57.67 and the highest price at which shares were sold was $58.66. 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 (2) through (5) to this Form 4.
  3. Represents the weighted average sale price. The lowest price at which shares were sold was $58.67 and the highest price at which shares were sold was $59.66.
  4. Represents the weighted average sale price. The lowest price at which shares were sold was $59.67 and the highest price at which shares were sold was $60.66.
  5. Represents the weighted average sale price. The lowest price at which shares were sold was $60.67 and the highest price at which shares were sold was $60.82.
  6. 1/4 of the shares subject to the option vested on February 20, 2019 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.
  7. 1/4 of the shares subject to the option vested on February 21, 2020 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.
  8. 1/4 of the shares subject to the option vested on February 21, 2021 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.
  9. 1/4 of the shares subject to the option vested 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.