Form Type: 4

SEC EDGAR Link
Accession Number:0001567619-19-020458
Date:2019-11-01
Issuer: FORTINET, INC. (FTNT)
Original Submission Date:

Reporting Person:

XIE MICHAEL
C/O FORTINET, INC.
899 KIFER ROAD SUNNYVALE, CA 94086

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-11-01 M 2,500 a $0.00 6,325,914 direct
COMMON STOCK 2019-11-01 M 2,500 a $0.00 6,328,414 direct
COMMON STOCK 2019-11-01 M 1,775 a $0.00 6,330,189 direct
COMMON STOCK 2019-11-01 F 3,361 d $90.13 6,326,828 direct
COMMON STOCK 2019-11-01 0 $0.00 3,618,214 indirect f5
COMMON STOCK 2019-11-01 0 $0.00 1,991,686 indirect f6
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2019-11-01 deemed execution date M 2,500 (d) common stock 2,500 $0.00 2,500 direct
RESTRICTED STOCK UNITS 0.0 2019-11-01 deemed execution date M 2,500 (d) commn stock 2,500 $0.00 12,500 direct
RESTRICTED STOCK UNITS 0.0 2019-11-01 deemed execution date M 1,775 (d) common stock 1,775 $0.00 15,975 direct
Footnotes
IDfootnote
f1 vesting of restricted stock units ("rsus") granted to the reporting person on february 11, 2016.
f2 vesting of rsus granted to the reporting person on february 16, 2017.
f3 vesting of rsus granted to the reporting person on february 20, 2018.
f4 exempt transaction pursuant to section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with rule 16b-3. all of the shares reported as disposed of on this line were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of rsus and psus.
f5 shares held directly by the k.a. children's trust dated february 9, 2011, for which the reporting person serves as a trustee.
f6 shares held directly by the 2010 k.a. family trust dated may 3, 2010, for which the reporting person serves as a trustee.
f7 each rsu represents a contingent right to receive one share of the issuer's common stock.
f8 25% of the rsus vest on february 1, 2017, then the remaining 75% of the rsus vest in equal installments on each quarterly anniversary thereafter, until such time as the rsus are 100% vested, subject to the continuing employment of the reporting person on each vesting date. shares of the issuer's common stock will be delivered to the reporting person upon vesting.
f9 25% of the rsus vest on february 1, 2018, then the remaining 75% of the rsus vest in equal installments on each quarterly anniversary thereafter, until such time as the rsus are 100% vested, subject to the continuing employment of the reporting person on each vesting date. shares of the issuer's common stock will be delivered to the reporting person upon vesting.
f10 25% of the rsus vested on february 1, 2019, then the remaining 75% of the rsus vest in equal installments on each quarterly anniversary thereafter, until such time as the rsus are 100% vested, subject to the continuing employment of the reporting person on each vesting date. shares of the issuer's common stock will be delivered to the reporting person upon vesting.
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