0001659166-18-000090.txt : 20180226
0001659166-18-000090.hdr.sgml : 20180226
20180226205716
ACCESSION NUMBER: 0001659166-18-000090
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180222
FILED AS OF DATE: 20180226
DATE AS OF CHANGE: 20180226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hulit Barbara B.
CENTRAL INDEX KEY: 0001682154
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37654
FILM NUMBER: 18642637
MAIL ADDRESS:
STREET 1: C/O FORTIVE CORPORATION
STREET 2: 6920 SEAWAY BLVD
CITY: EVERETT
STATE: WA
ZIP: 98203
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Fortive Corp
CENTRAL INDEX KEY: 0001659166
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6920 SEAWAY BLVD.
CITY: EVERETT
STATE: WA
ZIP: 98203
BUSINESS PHONE: (425) 446-5000
MAIL ADDRESS:
STREET 1: 6920 SEAWAY BLVD.
CITY: EVERETT
STATE: WA
ZIP: 98203
FORMER COMPANY:
FORMER CONFORMED NAME: TGA Holding Corp.
DATE OF NAME CHANGE: 20151123
4
1
wf-form4_151969662273802.xml
FORM 4
X0306
4
2018-02-22
0
0001659166
Fortive Corp
FTV
0001682154
Hulit Barbara B.
6920 SEAWAY BLVD
EVERETT
WA
98203
0
1
0
0
Senior Vice President
Common Stock
2018-02-22
4
A
0
10615
0
A
53538
D
Common Stock
2018-02-22
4
A
0
4450
A
57988
D
Common Stock
2018-02-23
4
M
0
5016
A
63004
D
Common Stock
2018-02-23
4
M
0
4399
A
67403
D
Common Stock
2018-02-23
4
F
0
2697
77.14
D
64706
D
Employee Stock Option (Right to Buy)
76.68
2018-02-22
4
A
0
26960
0
A
2028-02-22
Common Stock
26960.0
26960
D
Restricted Stock Unit
2018-02-23
4
M
0
5016
0
D
Common Stock
5016.0
5015
D
Restricted Stock Unit
2018-02-23
4
M
0
4399
0
D
Common Stock
4399.0
8801
D
On February 23, 2017, the Compensation Committee (the "Committee") of the Issuer's Board of Directors awarded the Reporting Person Performance-Based Restricted Stock Awards ("RSAs"). This transaction is being reported in connection with the determination by the Committee on February 22, 2018 that the performance criteria of the RSAs have been achieved. The RSAs remain subject to time-based vesting provisions.
On February 22, 2018, the Committee awarded the Reporting Person Restricted Stock Units ("RSUs"). This transaction is being reported to identify the portion of the RSUs that are subject only to time-based vesting provisions. Pursuant to the terms of the award, additional RSUs may be issued upon determination by the Committee that the corresponding performance criteria have been achieved.
Restricted stock units are payable in shares of common stock on a one-to-one basis.
This transaction relates to the aggregate withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
One third of the options granted vest on each of the third, fourth, and fifth anniversary of the grant date.
In connection with the separation of the Issuer from Danaher Corporation ("Danaher"), Restricted Stock Units issued by Danaher on February 24, 2014 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 15,045 Restricted Stock Units of the Issuer vesting in three equal annual installments beginning on February 24, 2017.
In connection with the separation of the Issuer from Danaher Corporation ("Danaher"), Restricted Stock Units issued by Danaher on February 24, 2015 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 13,200 Restricted Stock Units of the Issuer vesting in three equal annual installments beginning on February 23, 2018.
Daniel B. Kim, as attorney-in-fact
2018-02-26