0001209191-23-027191.txt : 20230503
0001209191-23-027191.hdr.sgml : 20230503
20230503205027
ACCESSION NUMBER: 0001209191-23-027191
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230501
FILED AS OF DATE: 20230503
DATE AS OF CHANGE: 20230503
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jensen Keith
CENTRAL INDEX KEY: 0001418649
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34511
FILM NUMBER: 23886040
MAIL ADDRESS:
STREET 1: C/O FORTINET, INC.
STREET 2: 899 KIFER ROAD
CITY: SUNNYVALE
STATE: CA
ZIP: 94068
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
FORMER COMPANY:
FORMER CONFORMED NAME: FORTINET INC
DATE OF NAME CHANGE: 20030902
4
1
doc4.xml
FORM 4 SUBMISSION
X0407
4
2023-05-01
0
0001262039
Fortinet, Inc.
FTNT
0001418649
Jensen Keith
C/O FORTINET, INC.
899 KIFER ROAD
SUNNYVALE
CA
94086
0
1
0
0
CFO & Chief Accounting Officer
0
Common Stock
2023-05-01
4
M
0
4240
0.00
A
8809
D
Common Stock
2023-05-01
4
M
0
3995
0.00
A
12804
D
Common Stock
2023-05-01
4
M
0
1890
0.00
A
14694
D
Common Stock
2023-05-01
4
F
0
5072
62.81
D
9622
D
Restricted Stock Units
0.00
2023-05-01
4
M
0
4240
0.00
D
Common Stock
4240
12735
D
Restricted Stock Units
0.00
2023-05-01
4
M
0
3995
0.00
D
Common Stock
3995
27960
D
Restricted Stock Units
0.00
2023-05-01
4
M
0
1890
0.00
D
Common Stock
1890
20795
D
Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
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 in this Form 4 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 restricted stock units.
Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
25% of the RSUs vested on February 1, 2021, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
RSUs do not expire; they either vest or are canceled prior to the vesting date.
25% of the RSUs vested on February 1, 2022, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
25% of the RSUs will vest on February 1, 2023, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
/s/ Robert Turner, by power of attorney
2023-05-03