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Fortinet, Inc. — Director's Dealing 2010
Sep 28, 2010
29957_dirs_2010-09-28_631db7be-11cc-4efa-b1f9-d671e5c41e56.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: 2010-09-27
Reporting Person: Whittle John (VP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-27 | Common Stock | M | 3125 | $2.40 | Acquired | 3125 | Direct |
| 2010-09-27 | Common Stock | S | 3125 | $23.919 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-27 | Employee Stock Option (right to buy) | $2.40 | M | 3125 | Disposed | 2016-10-26 | Common Stock (3125) | 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 November 30, 2009, as amended.
F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $23.73 to $23.96 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: One-fourth of the shares subject to the option vested on October 25, 2007 and one forty-eighth of the shares shall vest monthly thereafter.