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Fortinet, Inc. Director's Dealing 2011

Jun 2, 2011

29957_dirs_2011-06-02_aaa41ffe-0611-4a2b-af76-c5a8cf81ab5a.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: 2011-06-01

Reporting Person: Whittle John (VP & General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-06-01 Common Stock M 2499 $7.47 Acquired 2499 Direct
2011-06-01 Common Stock S 1499 $49.4306 Disposed 1000 Direct
2011-06-01 Common Stock S 1000 $49.9970 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-06-01 Employee Stock Option (right to buy) $7.47 M 1041 Disposed 2015-04-23 Common Stock (1041) Direct
2011-06-01 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 November 24, 2010.

F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $48.71 to $49.70 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) and (3) 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 $49.74 to $50.45 per share.

F4: 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.

F5: 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.