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Fortinet, Inc. Director's Dealing 2010

Jun 8, 2010

29957_dirs_2010-06-08_d4dc31f1-4fe0-4e86-a52b-9c99aaadb964.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: 2010-06-07

Reporting Person: GOLDMAN KENNETH A (VP & Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-06-07 Common Stock M 50000 $7.44 Acquired 50000 Direct
2010-06-07 Common Stock S 50000 $15.1559 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-06-07 Employee Stock Option (right to buy) $7.44 M 50000 Disposed 2017-09-20 Common Stock (50000) 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.

F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $15.01 to $15.32 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 forty-eighth of the shares subject to the option vested on October 20, 2007 and one forty-eighth of the shares shall vest monthly thereafter.