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Fortinet, Inc. — Director's Dealing 2011
Aug 3, 2011
29957_dirs_2011-08-03_2cfca8a8-c685-40e0-9c9c-77b006dbb9ad.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: 2011-08-02
Reporting Person: Xie Ken (Director, President & CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-08-02 | Common Stock | S | 55500 | $20.5801 | Disposed | 12424398 | Direct |
| 2011-08-02 | Common Stock | S | 4500 | $21.103 | Disposed | 12419898 | Direct |
| 2011-08-02 | Common Stock | G | 12000 | — | Disposed | 12407898 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-08-02 | Employee Stock Option (right to buy) | $20.13 | A | 50000 | Acquired | 2018-08-02 | Common Stock (50000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2403144 | Indirect |
| Common Stock | 2403144 | Indirect |
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 23, 2011.
F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $20.01 to $21.00 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) and (3) 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 $21.01 to $21.21 per share.
F4: Shares held directly by The Ken Xie 2009 Grantor Retained Annuity Trust dated September 10, 2009 for which the Reporting Person serves as trustee.
F5: Shares held directly by The Winnie Hiu-Yin Lee 2009 Grantor Retained Annuity Trust dated September 10, 2009 for which the Reporting Person's spouse serves as trustee.
F6: One-fourth of the shares subject to the option vest on August 2, 2012 and one forty-eighth of the shares shall vest monthly thereafter.