0001140361-15-039500.txt : 20151103
0001140361-15-039500.hdr.sgml : 20151103
20151103192005
ACCESSION NUMBER: 0001140361-15-039500
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151101
FILED AS OF DATE: 20151103
DATE AS OF CHANGE: 20151103
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FORTINET INC
CENTRAL INDEX KEY: 0001262039
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
IRS NUMBER: 770560389
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 899 KIFER ROAD
CITY: SUNNYVALE
STATE: CA
ZIP: 94086
BUSINESS PHONE: 408-235-7700
MAIL ADDRESS:
STREET 1: 899 KIFER ROAD
CITY: SUNNYVALE
STATE: CA
ZIP: 94086
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DEL MATTO ANDREW H
CENTRAL INDEX KEY: 0001288241
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34511
FILM NUMBER: 151195151
MAIL ADDRESS:
STREET 1: 350 ELLIS STREET
CITY: MOUNTAIN VIEW
STATE: CA
ZIP: 94043
4
1
doc1.xml
FORM 4
X0306
4
2015-11-01
0
0001262039
FORTINET INC
FTNT
0001288241
DEL MATTO ANDREW H
C/O FORTINET, INC.
899 KIFER ROAD
SUNNYVALE
CA
94086
0
1
0
0
Chief Financial Officer
Common Stock
2015-11-01
4
M
0
7500
0
A
15783
D
Common Stock
2015-11-01
4
F
0
3914
34.36
D
11869
D
Common Stock
2015-11-02
4
S
0
2750
34.5773
D
9119
D
Common Stock
2015-11-03
4
S
0
500
35
D
8619
D
Restricted Stock Units
0
2015-11-01
4
M
0
7500
0
D
Common Stock
7500
67500
D
Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 12, 2014.
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 on this line 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 RSUs.
The price per share was based on the fair market value of the Issuer's common stock on the vesting and release date, which, because such date was a Sunday, was the NASDAQ closing price on the last trading date immediately preceding the vesting and release date.
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2015.
Represents the aggregate of sales effected on the same day at different prices.
Represents the weighted average sales price per share. The shares sold at prices ranging from $34.27 to $34.7054 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
25% of the RSUs vest on February 1, 2015, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as 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.
/s/ John Whittle, by power of attorney
2015-11-03