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Fortinet, Inc. — Director's Dealing 2011
Mar 3, 2011
29957_dirs_2011-03-03_3e4a1cca-9ab2-4ebb-a206-f0a82bbc53fd.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: GOLDMAN KENNETH A (VP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-01 | Common Stock | M | 2000 | $7.47 | Acquired | 2000 | Indirect |
| 2011-03-01 | Common Stock | S | 2000 | $40.6379 | Disposed | 0 | Indirect |
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 | 2000 | Disposed | 2016-01-28 | Common Stock (2000) | Indirect |
Footnotes
F1: The securities are held directly by G.V. Partners, L.P. for which the Reporting Person serves as the managing member.
F2: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 30, 2009.
F3: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $40.3104 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.
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.