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Filing Details

Accession Number:: 0001181431-11-037698
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-06-21 19:53:42
Reporting Period:: 2011-06-20

Filing Date:: 2011-06-21
Accepted Time:: 2011-06-21 18:53:42
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
1218470	A Kenneth Goldman	C/O Fortinet, Inc. 1090 Kifer Road Sunnyvale CA 94086	Vp & Chief Financial Officer	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	Explanation
Common Stock	Acquisiton	2011-06-20	22,000	$3.72	22,000	No	4	M	Direct
Common Stock	Disposition	2011-06-20	22,000	$22.60	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	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	2011-06-20	22,000	$0.00	22,000	$3.72

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
200,520		2017-09-20	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (right to buy)	$8.43	2017-02-10	74,000	74,000	Direct
Common Stock	Employee Stock Option (right to buy)	$20.24	2018-02-08	100,000	100,000	Direct
Common Stock	Employee Stock Option (right to buy)	$3.74	2016-01-28	84,000	84,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-02-10	74,000	74,000	Direct
2018-02-08	100,000	100,000	Direct
2016-01-28	84,000	84,000	Indirect

Footnotes

The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 27, 2010.
The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $22.27 to $22.82 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
On June 1, 2011, the common stock of the Issuer split 2-for-1, in the form of a 100% stock dividend, to all stockholders of record as of the close of business on May 9, 2011 (the "Stock Split").
This option was previously reported as covering 111,260 shares at an exercise price of $7.44 per share, but was adjusted to reflect the Stock Split.
One forty-eighth of the shares subject to the option vested on October 20, 2007 and one forty-eighth of the shares shall vest monthly thereafter.
This option was previously reported as covering 37,000 shares at an exercise price of $16.86 per share, but was adjusted to reflect the Stock Split.
One-fourth of the shares subject to the option vested on February 10, 2011 and one forty-eighth of the shares shall vest monthly thereafter.
This option was previously reported as covering 50,000 shares at an exercise price of $40.47 per share, but was adjusted to reflect the Stock Split.
One-fourth of the shares subject to the option vest on February 8, 2012 and one forty-eighth of the shares shall vest monthly thereafter.
This option was previously reported as covering 42,000 shares at an exercise price of $7.47 per share, but was adjusted to reflect the Stock Split.
One-fourth of the shares subject to the option vested on January 28, 2010 and one forty-eighth of the shares shall vest monthly thereafter.
The securities are held directly by G.V. Partners, L.P. for which the Reporting Person serves as the managing member.