AI assistant
Fortive Corp — Director's Dealing 2017
Feb 27, 2017
30364_dirs_2017-02-27_7f277973-fd37-482c-a0c9-f6cc8b399660.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Fortive Corp (FTV)
CIK: 0001659166
Period of Report: 2017-02-23
Reporting Person: LICO JAMES A (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-23 | Common Stock | A | 26903 | — | Acquired | 62077 | Direct |
| 2017-02-23 | Common Stock | M | 29338 | — | Acquired | 91415 | Direct |
| 2017-02-23 | Common Stock | F | 12308 | $57.26 | Disposed | 79107 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-23 | Employee Stock Option (Right to Buy) | $57.26 | A | 200950 | Acquired | 2017-02-23 | Common Stock (200950.0) | Direct |
| 2017-02-23 | Restricted Stock Unit | $ | M | 29338 | Disposed | Common Stock (29338.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5054 | Indirect |
Footnotes
F1: In connection with the separation of the Issuer from Danaher Corporation ("Danaher"), Performance-Based Restricted Stock Units issued by Danaher on February 24, 2016 to the Reporting Person that remained unvested as of July 2, 2016 were cancelled and replaced with 26,903 Performance-Based Restricted Stock Awards ("RSAs") of the Issuer. This transaction is being reported in connection with the determination by the Compensation Committee of the Issuer's Board of Directors on February 23, 2017 that the performance criteria of the RSAs have been achieved. The RSAs remain subject to time-based vesting provisions.
F2: Restricted stock units are payable in shares of common stock on a one-to-one basis.
F3: Based on the closing price of the Issuer's common stock of $55.31 on January 31, 2017.
F4: One half of the options granted vest on each of the fourth and fifth anniversary of the grant date.
F5: In connection with the separation of the Issuer from Danaher, Restricted Stock Units issued by Danaher on February 23, 2012 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 29,338 Restricted Stock Units of the Issuer vesting on February 23, 2017.