Form Type: 4

SEC EDGAR Link
Accession Number:0001567619-19-022038
Date:2019-11-20
Issuer: FORTINET, INC. (FTNT)
Original Submission Date:

Reporting Person:

WHITTLE JOHN
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 2019-11-20 M 625 a $23.83 9,309 direct
COMMON STOCK 2019-11-20 M 625 a $37.24 9,934 direct
COMMON STOCK 2019-11-20 M 1,215 a $49.06 11,149 direct
COMMON STOCK 2019-11-20 S 1,162 d $102.51 9,987 direct
COMMON STOCK 2019-11-20 S 603 d $103.86 9,384 direct
COMMON STOCK 2019-11-20 S 700 d $105.07 8,684 direct
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
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 23.83 2019-11-20 deemed execution date M 625 (d) 2023-02-11 common stock 625 $23.83 2,501 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 37.24 2019-11-20 deemed execution date M 625 (d) 2024-02-16 common stock 625 $37.24 18,125 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 49.06 2019-11-20 deemed execution date M 1,215 (d) 2025-02-20 common stock 1,215 $49.06 53,488 direct
Footnotes
IDfootnote
f1 the sales 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 11, 2017 and 1/48 of the shares subject to the option vests 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 16, 2018 and 1/48 of the shares subject to the option vests 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 vest on february 20, 2019 and 1/48 of the shares subject to the option vest monthly thereafter, subject to the reporting person's provision of service to the issuer on each vesting date.
f5 represents the weighted average sale price. the lowest price at which shares were sold was $102.29 and the highest price at which shares were sold was $102.80. the reporting person undertakes to provide upon request to the staff of the securities exchange commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (5), (6) and (7) to this form 4.
f6 represents the weighted average sale price. the lowest price at which shares were sold was $103.61 and the highest price at which shares were sold was $104.32.
f7 represents the weighted average sale price. the lowest price at which shares were sold was $104.77 and the highest price at which shares were sold was $105.47.
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