0001567619-18-005108.txt : 20181105
0001567619-18-005108.hdr.sgml : 20181105
20181105193901
ACCESSION NUMBER: 0001567619-18-005108
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20181101
FILED AS OF DATE: 20181105
DATE AS OF CHANGE: 20181105
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Whittle John
CENTRAL INDEX KEY: 0001476336
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34511
FILM NUMBER: 181161217
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
2018-11-01
0
0001262039
FORTINET INC
FTNT
0001476336
Whittle John
C/O FORTINET, INC.
899 KIFER ROAD
SUNNYVALE
CA
94086
0
1
0
0
VP CorpDev&Strat Alliance, GC
Common Stock
2018-11-01
4
M
0
625
23.83
A
9309
D
Common Stock
2018-11-01
4
M
0
625
37.24
A
9934
D
Common Stock
2018-11-01
4
S
0
500
80.652
D
9434
D
Common Stock
2018-11-01
4
S
0
750
81.6127
D
8684
D
Common Stock
2018-11-01
4
M
0
1875
0
A
10559
D
Common Stock
2018-11-01
4
M
0
1875
0
A
12434
D
Common Stock
2018-11-01
4
M
0
1875
0
A
14309
D
Common Stock
2018-11-01
4
F
0
2790
83.69
D
11519
D
Common Stock
2018-11-05
4
S
0
1901
72.9401
D
9618
D
Common Stock
2018-11-05
4
S
0
934
73.712
D
8684
D
Non-qualified Stock Option (right to buy)
23.83
2018-11-01
4
M
0
625
0
D
2023-02-11
Common Stock
625
10001
D
Non-qualified Stock Option (right to buy)
37.24
2018-11-01
4
M
0
625
0
D
2024-02-16
Common Stock
625
25625
D
Restricted Stock Units
0
2018-11-01
4
M
0
1875
0
D
Common Stock
1875
1875
D
Restricted Stock Units
0
2018-11-01
4
M
0
1875
0
D
Common Stock
1875
9375
D
Restricted Stock Units
0
2018-11-01
4
M
0
1875
0
D
Common Stock
1875
16875
D
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2018.
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 $80.33 to $81.12 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.
Represents the weighted average sales price per share. The shares sold at prices ranging from $81.40 to $81.79 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.
Represents the weighted average sales price per share. The shares sold at prices ranging from $72.48 to $73.44 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.
Represents the weighted average sales price per share. The shares sold at prices ranging from $73.48 to $74.17 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.
Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 11, 2015.
Vesting of RSUs granted to the Reporting Person on February 11, 2016.
Vesting of RSUs granted to the Reporting Person on February 16, 2017.
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.
1/4 of the shares subject to the option vested on February 11, 2017 and 1/48 of the shares subject to the option vests monthly thereafter.
1/4 of the shares subject to the option vested on February 16, 2018 and 1/48 of the shares subject to the option vests monthly thereafter.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
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.
25% of the RSUs vest on February 1, 2018, 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
2018-11-05