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Fortinet, Inc. — Director's Dealing 2010
Nov 3, 2010
29957_dirs_2010-11-03_96c8be2d-cb6c-49d1-b024-7c1a76b4c26a.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: 2010-11-01
Reporting Person: PAISLEY CHRISTOPHER B (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-01 | Common Stock | M | 5000 | $0.95 | Acquired | 5000 | Direct |
| 2010-11-01 | Common Stock | S | 650 | $31.7546 | Disposed | 4350 | Direct |
| 2010-11-01 | Common Stock | S | 500 | $32.466 | Disposed | 3850 | Direct |
| 2010-11-01 | Common Stock | S | 2000 | $34.467 | Disposed | 1850 | Direct |
| 2010-11-01 | Common Stock | S | 1550 | $35.4119 | Disposed | 300 | Direct |
| 2010-11-01 | Common Stock | S | 300 | $36.2033 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-11-01 | Stock Option (right to buy) | $0.95 | M | 5000 | Disposed | 2014-02-26 | Common Stock (5000) | Direct |
Footnotes
F1: The sales reported on this Form 4 were 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 $31.28 to $31.94 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 within the ranges set forth in footnotes (2), (3), (4), (5) and (6) to this Form 4.
F3: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $32.37 to $32.74 per share.
F4: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $33.88 to $34.86 per share.
F5: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $34.98 to $35.96 per share.
F6: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $36.00 to $36.56 per share.
F7: Shares subject to the option are fully vested and immediately exercisable.