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Fortinet, Inc. — Director's Dealing 2013
Dec 3, 2013
29957_dirs_2013-12-03_f6b1faaf-4940-4b4e-9b61-0456189a86d3.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: FORTINET INC (FTNT)
CIK: 0001262039
Period of Report: 2013-11-27
Reporting Person: Bush Nancy (Interim Chief Financial Offcr)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1676 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-qualified stock option (right to buy) | $26.70 | 2019-02-14 | Common Stock (60000) | Direct | |
| Restricted Stock Units | $0 | Common Stock (2063) | Direct | ||
| Restricted Stock Units | $0 | Common Stock (7500) | Direct | ||
| Restricted Stock Units | $0 | Common Stock (20000) | Direct |
Footnotes
F1: 25% of the shares subject to the option vested on December 12, 2012 and the remaining 75% of the shares subject to the option vested or will vest monthly thereafter.
F2: 25% of the restricted stock units (each an "RSU") vested on August 1, 2013, then the remaining 75% of the RSUs vested or will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
F3: Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4: 25% of the RSUs vested on November 1, 2013, then the remaining 75% of the RSUs vested or will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
F5: 25% of the RSUs vest on February 1, 2014, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.