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Fortinet, Inc. — Director's Dealing 2011
Apr 12, 2011
29957_dirs_2011-04-12_788500f3-bb0a-4f8e-b0d7-37d41485968f.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: 2011-04-11
Reporting Person: Xie Michael (Director, VP, Engineering & CTO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-04-11 | Common Stock | S | 7100 | $38.9367 | Disposed | 3822900 | Direct |
| 2011-04-11 | Common Stock | S | 900 | $39.9244 | Disposed | 3822000 | Direct |
| 2011-04-12 | Common Stock | S | 7200 | $38.1141 | Disposed | 3814800 | Direct |
| 2011-04-12 | Common Stock | S | 300 | $38.8617 | Disposed | 3814500 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1500000 | Indirect |
| Common Stock | 1500000 | 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 November 8, 2010.
F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $38.62 to $39.54 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) and (5) 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 $39.67 to $40.00 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 $37.73 to $38.70 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 $38.765 to $38.91 per share.
F6: Shares held directly by the Michael Xie Grantor Retained Annuity Trust dated February 9, 2011 for which the Reporting Person serves as a trustee.
F7: Shares held directly by the Danke Wu Grantor Retained Annuity Trust dated February 9, 2011 for which the Reporting Person serves as a trustee.