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Fortinet, Inc. — Director's Dealing 2018
Feb 22, 2018
29957_dirs_2018-02-22_9dcfece0-0207-46e1-92ea-9bda0e06eab1.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: 2018-02-20
Reporting Person: Xie Michael (Director, VP, Engineering & CTO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-20 | Restricted Stock Units | $0 | A | 28400 | Acquired | Common Stock (28400) | Direct | |
| 2018-02-20 | Nonqualified Stock Option (right to buy) | $49.06 | A | 94610 | Acquired | 2025-02-20 | Common Stock (94610) | 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, 2019, 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 20, 2019 and 1/48 of the shares subject to the option vest monthly thereafter.