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Fortinet, Inc. — Director's Dealing 2021
Jan 22, 2021
29957_dirs_2021-01-22_93065b39-47c3-4a98-9cac-27d375f45be0.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: 2021-01-21
Reporting Person: Whittle John (VP Corp Dev&Strat Alliance,GC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-21 | Common Stock | M | 625 | $37.24 | Acquired | 625 | Direct |
| 2021-01-21 | Common Stock | M | 1215 | $49.06 | Acquired | 1840 | Direct |
| 2021-01-21 | Common Stock | M | 700 | $84.49 | Acquired | 2540 | Direct |
| 2021-01-21 | Common Stock | S | 2540 | $151.36 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-21 | Stock Option (right to buy) | $37.24 | M | 625 | Disposed | 2024-02-16 | Common Stock (625) | Direct |
| 2021-01-21 | Stock Option (right to buy) | $49.06 | M | 1215 | Disposed | 2025-02-20 | Common Stock (1215) | Direct |
| 2021-01-21 | Stock Option (right to buy) | $84.49 | M | 700 | Disposed | 2026-02-21 | Common Stock (700) | Direct |
Footnotes
F1: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2: 1/4 of the shares subject to the option vested on February 16, 2018 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the issuer on each vesting date.
F3: 1/4 of the shares subject to the option vested on February 20, 2019 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F4: 1/4 of the shares subject to the option vested on February 21, 2020 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.