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Fortinet, Inc. — Director's Dealing 2017
Aug 15, 2017
29957_dirs_2017-08-15_c4ee07d4-9b07-4d11-9b34-0a4fa40381fe.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: 2017-08-11
Reporting Person: PAISLEY CHRISTOPHER B (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-08-11 | Common Stock | M | 5000 | — | Acquired | 67943 | Direct |
| 2017-08-13 | Common Stock | M | 332 | — | Acquired | 68275 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-08-11 | Restricted Stock Units | $0 | M | 5000 | Disposed | Common Stock (5000) | Direct | |
| 2017-08-13 | Restricted Stock Units | $0 | M | 332 | Disposed | Common Stock (332) | Direct |
Footnotes
F1: Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 11, 2016.
F2: Vesting of RSUs granted to the Reporting Person on August 13, 2013.
F3: Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4: 100% of the RSUs vested on August 11, 2017. Shares of the Issuer's common stock were delivered to the Reporting Person upon vesting.
F5: 25% of the RSUs vested on August 13, 2014, then the remaining 75% of the RSUs vested in equal installments on each quarterly anniversary thereafter, until such time as the RSUs were 100% vested, subject to the continuing service of the Reporting Person on each vesting date. Shares of the Issuer's common stock were delivered to the Reporting Person upon vesting.