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Fortinet, Inc. — Director's Dealing 2017
Feb 17, 2017
29957_dirs_2017-02-17_c076e855-b8f2-4f3e-832e-dd65ece9ba19.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: 2017-02-16
Reporting Person: Xie Ken (Director, President & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-16 | Restricted Stock Units | $0 | A | 50000 | Acquired | Common Stock (50000) | Direct | |
| 2017-02-16 | Nonqualified Stock Option (right to buy) | $37.24 | A | 100000 | Acquired | 2024-02-16 | Common Stock (100000) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2: 25% of the RSUs vest on February 1, 2018, 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 employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
F3: 1/4 of the shares subject to the option vest on February 16, 2018 and 1/48 of the shares subject to the option vest monthly thereafter.