Fortinet, Inc. — Director's Dealing 2017

Nov 13, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORTINET INC (FTNT)
CIK: 0001262039
Period of Report: 2017-11-09

Reporting Person: PAISLEY CHRISTOPHER B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-13	Common Stock	M	4000	$20.13	Acquired	72606	Direct
2017-11-13	Common Stock	S	4000	$40.0166	Disposed	68606	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-09	Restricted Stock Units	$0	A	6021	Acquired		Common Stock (6021)	Direct
2017-11-13	Non-qualified Stock Option (right to buy)	$20.13	M	4000	Disposed	2018-08-02	Common Stock (4000)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 31, 2017.

F2: Represents the aggregate of sales effected on the same day at different prices.

F3: Represents the weighted average sales price per share. The shares sold at prices ranging from $39.77 to $40.18 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.

F4: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

F5: 100% of the RSUs vest on August 9, 2018, subject to the continuing service of the Reporting Person on the vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.

F6: The option is 100% vested and exercisable.