Fortinet, Inc. — Director's Dealing 2016

Feb 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORTINET INC (FTNT)
CIK: 0001262039
Period of Report: 2016-02-13

Reporting Person: PAISLEY CHRISTOPHER B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-13	Common Stock	M	331	—	Acquired	53674	Direct
2016-02-16	Common Stock	M	6000	$3.48	Acquired	59674	Direct
2016-02-16	Common Stock	S	6000	$24.7029	Disposed	53674	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-13	Restricted Stock Units	$0	M	331	Disposed		Common Stock (331)	Direct
2016-02-16	Non-qualified stock option (right to buy)	$3.48	M	6000	Disposed	2016-04-30	Common Stock (6000)	Direct

Footnotes

F1: Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 13, 2013.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 5, 2015.

F3: Represents the aggregate of sales effected on the same day at different prices.

F4: Represents the weighted average sales price per share. The shares sold at prices ranging from $24.48 to $25.08 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

F5: Each RSU represents a contingent right to receive one share of the Issuer's common stock.

F6: 25% of the RSUs vest on August 13, 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 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.

F7: The option is 100% vested and exercisable.