Fortive Corp — Director's Dealing 2019

Nov 16, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortive Corp (FTV)
CIK: 0001659166
Period of Report: 2019-11-13

Reporting Person: Gafinowitz Martin (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-13	Common Stock	M	30000	$24.20	Acquired	101169	Direct
2019-11-13	Common Stock	S	30000	$71.27	Disposed	71169	Direct
2019-11-14	Common Stock	S	29536	$71.22	Disposed	41633	Direct
2019-11-15	Common Stock	M	4393	$24.20	Acquired	46026	Direct
2019-11-15	Common Stock	M	14150	$26.10	Acquired	60176	Direct
2019-11-15	Common Stock	S	18543	$72.41	Disposed	41633	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-13	Employee Stock Option (Right to Buy)	$24.2	M	30000	Disposed	2021-02-23	Common Stock (30000.0)	Direct
2019-11-15	Employee Stock Option (Right to Buy)	$24.2	M	4393	Disposed	2021-02-23	Common Stock (4393.0)	Direct
2019-11-15	Employee Stock Option (Right to Buy)	$26.1	M	14150	Disposed	2022-02-23	Common Stock (14150.0)	Direct

Footnotes

F1: The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.980 to $71.495. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

F2: The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.100 to $71.505. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

F3: The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.340 to $72.500. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

F4: Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), the stock options issued by Danaher on February 23, 2011 ("2011 Danaher Options") to the Reporting Person became exercisable ratably on the third, fourth and fifth anniversary of the grant date. In connection with the Separation, such fully-vested 2011 Danaher Options that remained unexercised as of July 2, 2016 were converted into fully-vested stock options to purchase 34,393 shares of the Issuer's common stock.

F5: Prior to the Separation, the stock options issued by Danaher on February 23, 2012 ("2012 Danaher Options") to the Reporting Person became exercisable ratably on the third, fourth and fifth anniversary of the grant date. In connection with the Separation, the 2012 Danaher Options that remained unexercised as of July 2, 2016 were converted into stock options to purchase 36,668 shares of the Issuer's common stock with identical vesting schedule.