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Fortinet, Inc. — Director's Dealing 2011
May 23, 2011
29957_dirs_2011-05-23_dee59561-a2a1-4f26-8e1c-8e3b4e702155.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: 2011-05-20
Reporting Person: GOLDMAN KENNETH A (VP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-20 | Common Stock | M | 11000 | $7.44 | Acquired | 11000 | Direct |
| 2011-05-20 | Common Stock | S | 11000 | $48.4622 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-05-20 | Employee Stock Option (right to buy) | $7.44 | M | 11000 | Disposed | 2017-09-20 | Common Stock (11000) | 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 27, 2010.
F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $47.83 to $48.73 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.