Filing Details
- Accession Number:
- 0001659166-24-000025
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-02-06 18:40:37
- Reporting Period:
- 2024-02-02
- Accepted Time:
- 2024-02-06 18:40:37
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1659166 | Fortive Corp | FTV | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1210231 | A James Lico | 6920 Seaway Blvd Everett WA 98203 | President And Ceo | Yes | 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 | 2024-02-02 | 100,000 | $31.07 | 539,948 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-02-02 | 100,000 | $82.30 | 439,948 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2024-02-06 | 31,525 | $31.07 | 471,473 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2024-02-06 | 75,000 | $30.42 | 546,473 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-02-06 | 105,853 | $81.49 | 440,620 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-02-06 | 672 | $82.42 | 439,948 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | 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 | Employee Stock Option (Right to Buy) | Disposition | 2024-02-02 | 100,000 | $0.00 | 100,000 | $31.07 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2024-02-06 | 31,525 | $0.00 | 31,525 | $31.07 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2024-02-06 | 75,000 | $0.00 | 75,000 | $30.42 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 31,525 | 2024-02-24 | No | 4 | M | Direct | |
| 0 | 2024-02-24 | No | 4 | M | Direct | |
| 29,480 | 2024-05-15 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 131,435 | Indirect | By Grantor Retained Annuity Trust |
| Common Stock | 19,790 | Indirect | By 401(k) |
Footnotes
- The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.00 to $82.71. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.11 to $82.00. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.22 to $82.47. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- Based on a plan statement dated as of January 31, 2024.
- Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-half of the stock options issued by Danaher on February 24, 2014 ("2014 February Danaher Options") to the Reporting Person became exercisable on the fourth and fifth anniversary of the grant date. In connection with the Separation, the 2014 February Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 109,350 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.
- Prior to the Separation, one-half of the stock options issued by Danaher on May 15, 2014 ("2014 May Danaher Options") to the Reporting Person became exercisable on the fourth and fifth anniversary of the grant date. In connection with the Separation, the 2014 May Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 86,865 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.
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