Fortinet, Inc. — Director's Dealing 2019

Feb 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORTINET INC (FTNT)
CIK: 0001262039
Period of Report: 2019-02-21

Reporting Person: Xie Ken (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-21	Restricted Stock Units	$0	A	48992	Acquired		Common Stock (48992)	Direct
2019-02-21	Nonqualified Stock Option (right to buy)	$84.49	A	146976	Acquired	2026-02-21	Common Stock (146976)	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, 2020, 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 21, 2020 and 1/48 of the shares subject to the option vest monthly thereafter.