Fortinet, Inc. — Director's Dealing 2020

Feb 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2020-02-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-25	Common Stock	S	6488	$104.9561	Disposed	6186340	Direct
2020-02-25	Common Stock	S	11393	$105.9204	Disposed	6174947	Direct
2020-02-25	Common Stock	S	6947	$106.6126	Disposed	6186020	Direct
2020-02-25	Common Stock	S	1100	$107.9182	Disposed	6166900	Direct
2020-02-25	Common Stock	S	800	$108.96	Disposed	6166100	Direct
2020-02-25	Common Stock	S	100	$109.50	Disposed	6166000	Direct
2020-02-25	Common Stock	S	2500	$104.8026	Disposed	3615714	Indirect
2020-02-25	Common Stock	S	9753	$105.9353	Disposed	3605961	Indirect
2020-02-25	Common Stock	S	6858	$106.5582	Disposed	3599103	Indirect
2020-02-25	Common Stock	S	686	$107.9721	Disposed	3598417	Indirect
2020-02-25	Common Stock	S	203	$109.0423	Disposed	3598214	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1991686	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.

F2: Represents the weighted average sale price. The lowest price at which shares were sold was $104.37 and the highest price at which shares were sold was $105.35. The reporting person undertakes to provide upon request to the staff of the Securities Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (4), (5), (6),(7), (9), (10), (11) and (12) to this Form 4.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $105.38 and the highest price at which shares were sold was $106.37.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $106.38 and the highest price at which shares were sold was $107.22.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $107.43 and the highest price at which shares were sold was $108.39.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $108.46 and the highest price at which shares were sold was $109.11.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $104.285 and the highest price at which shares were sold was $105.245.

F8: Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.

F9: Represents the weighted average sale price. The lowest price at which shares were sold was $105.305 and the highest price at which shares were sold was $106.29.

F10: Represents the weighted average sale price. The lowest price at which shares were sold was $106.31 and the highest price at which shares were sold was $107.27.

F11: Represents the weighted average sale price. The lowest price at which shares were sold was $107.67 and the highest price at which shares were sold was $108.53.

F12: Represents the weighted average sale price. The lowest price at which shares were sold was $109.00 and the highest price at which shares were sold was $109.06.

F13: Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.