0001659166-19-000054.txt : 20190226
0001659166-19-000054.hdr.sgml : 20190226
20190226183250
ACCESSION NUMBER: 0001659166-19-000054
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190222
FILED AS OF DATE: 20190226
DATE AS OF CHANGE: 20190226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Schwarz Jonathan L
CENTRAL INDEX KEY: 0001670865
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37654
FILM NUMBER: 19635034
MAIL ADDRESS:
STREET 1: C/O FORTIVE CORPORATION
STREET 2: 6920 SEAWAY BOULEVARD
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_155122395614420.xml
FORM 4
X0306
4
2019-02-22
0
0001659166
Fortive Corp
FTV
0001670865
Schwarz Jonathan L
6920 SEAWAY BLVD
EVERETT
WA
98203
0
1
0
0
VP - Corporate Development
Common Stock
2019-02-22
4
M
0
751
A
8021
D
Common Stock
2019-02-22
4
M
0
781
A
8802
D
Common Stock
2019-02-22
4
M
0
2396
A
11198
D
Common Stock
2019-02-22
4
F
0
1115
81.37
D
10083
D
Restricted Stock Unit
2019-02-22
4
M
0
751
0
D
Common Stock
751.0
0
D
Restricted Stock Unit
2019-02-22
4
M
0
781
0
D
Common Stock
781.0
781
D
Restricted Stock Unit
2019-02-22
4
M
0
2396
0
D
Common Stock
2396.0
4784
D
Executive Deferred Incentive Program - Fortive Stock Fund
0.0
2019-02-22
4
A
0
506.132
81.37
A
Common Stock
506.132
2540.322
D
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.
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 2,257 Restricted Stock Units of the Issuer vesting in three remaining equal annual installments beginning on February 24, 2017.
In connection with the separation of the Issuer from 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 3,124 Restricted Stock Units of the Issuer vesting in four remaining equal annual installments beginning on February 24, 2017.
In connection with the separation of the Issuer from Danaher, Restricted Stock Units issued by Danaher on February 24, 2016 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 11,972 Restricted Stock Units of the Issuer vesting in five equal annual installments beginning on February 24, 2017.
Compensation deferred or contributed into the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.
The notional shares convert on a one-to-one basis.
The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.
Daniel B. Kim, as attorney-in-fact
2019-02-26