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Fortinet, Inc. — Director's Dealing 2011
Mar 3, 2011
29957_dirs_2011-03-03_65ea30a6-e5ec-42ac-b26d-61e6919f2499.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: 2011-03-01
Reporting Person: Whittle John (VP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-01 | Common Stock | M | 2499 | $7.47 | Acquired | 2499 | Direct |
| 2011-03-01 | Common Stock | S | 2499 | $40.7741 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-03-01 | Employee Stock Option (right to buy) | $7.47 | M | 1041 | Disposed | 2015-04-23 | Common Stock (1041) | Direct |
| 2011-03-01 | Employee Stock Option (right to buy) | $7.47 | M | 1458 | Disposed | 2016-01-28 | Common Stock (1458) | 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 August 30, 2010.
F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $40.52 to $41.00 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.
F3: One-fourth of the shares subject to the option vested on April 23, 2009 and one forty-eighth of the shares shall vest monthly thereafter.
F4: One-fourth of the shares subject to the option vested on January 28, 2010 and one forty-eighth of the shares shall vest monthly thereafter.