AI assistant
Fortinet, Inc. — Director's Dealing 2019
Feb 25, 2019
29957_dirs_2019-02-25_7f84ac26-2c53-4897-871a-458a05f93345.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FORTINET INC (FTNT)
CIK: 0001262039
Period of Report: 2019-02-21
Reporting Person: Whittle John (VP CorpDev&Strat Alliance, GC)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-02-21 | Restricted Stock Units | $0 | A | 11198 | Acquired | Common Stock (11198) | Direct | |
| 2019-02-21 | Nonqualified Stock Option (right to buy) | $84.49 | A | 33594 | Acquired | 2026-02-21 | Common Stock (33594) | 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.