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Fortinet, Inc. — Director's Dealing 2010
May 24, 2010
29957_dirs_2010-05-24_dda15f22-c002-47c8-8938-779476e3d5c0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FORTINET INC (FTNT)
CIK: 0001262039
Period of Report: 2010-05-20
Reporting Person: PAISLEY CHRISTOPHER B (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-20 | Common Stock | M | 5000 | $0.95 | Acquired | 5000 | Direct |
| 2010-05-20 | Common Stock | S | 5000 | $16.1654 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-20 | Stock Option (right to buy) | $0.95 | M | 5000 | Disposed | 2014-02-26 | Common Stock (5000) | Direct |
Footnotes
F1: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 22, 2010.
F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $16.01 to $16.35 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F3: Shares subject to the option are fully vested and immediately exercisable.