Fortive Corp — Director's Dealing 2020

Nov 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortive Corp (FTV)
CIK: 0001659166
Period of Report: 2020-11-16

Reporting Person: Pringle William W (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-16	Common Stock	M	17848	$24.75	Acquired	89226	Direct
2020-11-16	Common Stock	M	16246	$27.26	Acquired	105472	Direct
2020-11-16	Common Stock	M	16443	$31.07	Acquired	121915	Direct
2020-11-16	Common Stock	M	16739	$30.42	Acquired	138654	Direct
2020-11-16	Common Stock	M	19672	$35.31	Acquired	158326	Direct
2020-11-16	Common Stock	S	56428	$71.05	Disposed	101898	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-16	Employee Stock Option (Right to Buy)	$24.75	M	17848	Disposed	2023-02-21	Common Stock (17848.0)	Direct
2020-11-16	Employee Stock Option (Right to Buy)	$27.26	M	16246	Disposed	2023-07-30	Common Stock (16246.0)	Direct
2020-11-16	Employee Stock Option (Right to Buy)	$31.07	M	16443	Disposed	2024-02-24	Common Stock (16443.0)	Direct
2020-11-16	Employee Stock Option (Right to Buy)	$30.42	M	16739	Disposed	2024-05-15	Common Stock (16739.0)	Direct
2020-11-16	Employee Stock Option (Right to Buy)	$35.31	M	19672	Disposed	2025-02-24	Common Stock (19672.0)	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 $70.830 to $71.250. 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: Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-fifth of the stock options issued by Danaher on February 21, 2013 ("February 2013 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the February 2013 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 14,839 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.

F3: Prior to the Separation, one-fifth of the stock options issued by Danaher on July 30, 2013 ("July 2013 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the July 2013 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 13,507 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.

F4: Prior to the Separation, one-fifth of the stock options issued by Danaher on February 24, 2014 ("February 2014 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the February 2014 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 13,671 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.

F5: Prior to the Separation, one-fifth of the stock options issued by Danaher on May 15, 2014 ("May 2014 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the May 2014 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 13,971 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.

F6: Prior to the Separation, one-fifth of the stock options issued by Danaher on February 24, 2015 ("2015 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2015 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 16,356 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.