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Fortinet, Inc. — Director's Dealing 2014
Aug 8, 2014
29957_dirs_2014-08-08_39741754-5e84-44f3-803f-9ed04a9c2838.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: 2014-08-06
Reporting Person: PAISLEY CHRISTOPHER B (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-08-08 | Common Stock | M | 313 | — | Acquired | 2500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-08-06 | Restricted Stock Units | $0 | A | 5300 | Acquired | Common Stock (5300) | Direct | |
| 2014-08-08 | Restricted Stock Units | $0 | M | 313 | Disposed | Common Stock (313) | Direct |
Footnotes
F1: Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 8, 2012.
F2: Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3: 25% of the RSUs vest on August 6, 2015, 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 service of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
F4: 25% of the RSUs vest on August 8, 2013, 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 service of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.