0001140361-17-030121.txt : 20170803 0001140361-17-030121.hdr.sgml : 20170803 20170803185859 ACCESSION NUMBER: 0001140361-17-030121 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170801 FILED AS OF DATE: 20170803 DATE AS OF CHANGE: 20170803 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Xie Michael CENTRAL INDEX KEY: 0001475586 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 171006497 MAIL ADDRESS: STREET 1: 1090 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 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 4 1 doc1.xml FORM 4 X0306 4 2017-08-01 0 0001262039 FORTINET INC FTNT 0001475586 Xie Michael C/O FORTINET, INC. 899 KIFER ROAD SUNNYVALE CA 94086 1 1 0 0 VP, Engineering & CTO Common Stock 2017-08-01 4 M 0 2500 0 A 6714500 D Common Stock 2017-08-01 4 M 0 2500 0 A 6717000 D Common Stock 2017-08-01 4 M 0 2500 0 A 6719500 D Common Stock 2017-08-01 4 F 0 3915 36.80 D 6715585 D Common Stock 2017-08-02 4 S 0 3585 36.2985 D 6712000 D Common Stock 1632913 I See Footnote Common Stock 1632913 I See Footnote Common Stock 1991686 I See Footnote Common Stock 462488 I See footnote Restricted Stock Units 0 2017-08-01 4 M 0 2500 0 D Common Stock 2500 5000 D Restricted Stock Units 0 2017-08-01 4 M 0 2500 0 D Common Stock 2500 15000 D Restricted Stock Units 0 2017-08-01 4 M 0 2500 0 D Commn Stock 2500 25000 D Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 12, 2014. Vesting of RSUs granted to the Reporting Person on February 11, 2015. Vesting of RSUs granted to the Reporting Person on February 11, 2016. 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 and PSUs. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2016. 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 $36.0401 to $36.72 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. Shares held directly by the 2014 Michael Xie Grantor Retained Annuity Trust dated March 6, 2014, for which the Reporting Person serves as a trustee. Shares held directly by the 2014 Danke Wu Grantor Retained Annuity Trust dated March 6, 2014, for which the Reporting Person serves as a trustee. Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee. Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee. 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. 25% of the RSUs vest on February 1, 2016, 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. 25% of the RSUs vest on February 1, 2017, 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 2017-08-03