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Fortinet, Inc. — Director's Dealing 2012
May 2, 2012
29957_dirs_2012-05-02_4179c79d-7694-4fcd-bd56-8b6952d17b5f.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: 2012-05-01
Reporting Person: Whittle John (VP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-05-01 | Common Stock | M | 10016 | $3.735 | Acquired | 10016 | Direct |
| 2012-05-01 | Common Stock | M | 1042 | $8.43 | Acquired | 11058 | Direct |
| 2012-05-01 | Common Stock | S | 11058 | $26.5725 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-05-01 | Employee Stock Option (right to buy) | $3.735 | M | 4184 | Disposed | 2015-04-23 | Common Stock (4184) | Direct |
| 2012-05-01 | Employee Stock Option (right to buy) | $3.735 | M | 5832 | Disposed | 2016-01-28 | Common Stock (5832) | Direct |
| 2012-05-01 | Employee Stock Option (right to buy) | $8.43 | M | 1042 | Disposed | 2017-02-10 | Common Stock (1042) | Direct |
Footnotes
F1: The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person on November 24, 2010 and 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 $25.95 to $26.89 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 April 23, 2009 and one forty-eighth of the shares shall vest monthly thereafter.
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.
F5: 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.