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Fortinet, Inc. — Director's Dealing 2011
Aug 11, 2011
29957_dirs_2011-08-11_3d6b1511-b94e-4a50-8c5d-b48d3c6b29d9.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: 2011-08-10
Reporting Person: Whittle John (VP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-08-10 | Common Stock | M | 18750 | $8.43 | Acquired | 18750 | Direct |
| 2011-08-10 | Common Stock | S | 18750 | $18.4174 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-08-10 | Employee Stock Option (right to buy) | $8.43 | M | 18750 | Disposed | 2017-02-10 | Common Stock (18750) | 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 June 6, 2011.
F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $18.10 to $18.79 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 February 10, 2011 and one forty-eighth of the shares shall vest monthly thereafter.