Fortinet, Inc. — Director's Dealing 2017

Apr 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORTINET INC (FTNT)
CIK: 0001262039
Period of Report: 2017-04-25

Reporting Person: Xie Michael (Director, VP, Engineering & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-25	Common Stock	M	100000	$20.235	Acquired	6582000	Direct
2017-04-25	Common Stock	M	50000	$20.13	Acquired	6632000	Direct
2017-04-25	Common Stock	M	80000	$26.7	Acquired	6712000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-25	Employee Stock Option (right to buy)	$20.235	M	100000	Disposed	2018-02-08	Common Stock (100000)	Direct
2017-04-25	Employee Stock Option (right to buy)	$20.13	M	50000	Disposed	2018-08-02	Common Stock (50000)	Direct
2017-04-25	Employee Stock Option (right to buy)	$26.70	M	80000	Disposed	2019-02-14	Common Stock (80000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1632913	Indirect
Common Stock	1632913	Indirect
Common Stock	1991686	Indirect
Common Stock	462488	Indirect

Footnotes

F1: Shares held directly by the 2014 Michael Xie Grantor Retained Annuity Trust dated March 6, 2014, for which the Reporting Person serves as a trustee.

F2: Shares held directly by the 2014 Danke Wu Grantor Retained Annuity Trust dated March 6, 2014, for which the Reporting Person serves as a trustee.

F3: Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.

F4: Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.

F5: The option is 100% vested and exercisable.