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Fortinet, Inc. Director's Dealing 2012

Feb 22, 2012

29957_dirs_2012-02-22_363dc265-ce59-42bd-8dce-e190af779872.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: 2012-02-21

Reporting Person: Xie Michael (Director, VP, Engineering & CTO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-02-21 Common Stock S 2500 $26.2416 Disposed 7257500 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3000000 Indirect
Common Stock 3000000 Indirect

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 July 30, 2011.

F2: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $25.96 to $26.57 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: Shares held directly by the Michael Xie Grantor Retained Annuity Trust dated February 9, 2011 for which the Reporting Person serves as a trustee.

F4: Shares held directly by the Danke Wu Grantor Retained Annuity Trust dated February 9, 2011 for which the Reporting Person serves as a trustee.