0001193125-20-133704.txt : 20200505 0001193125-20-133704.hdr.sgml : 20200505 20200505160557 ACCESSION NUMBER: 0001193125-20-133704 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200505 DATE AS OF CHANGE: 20200505 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Fortive Corp CENTRAL INDEX KEY: 0001659166 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89553 FILM NUMBER: 20848824 BUSINESS ADDRESS: STREET 1: 6920 SEAWAY BLVD. CITY: EVERETT STATE: WA ZIP: 98203 BUSINESS PHONE: (425) 446-5000 MAIL ADDRESS: STREET 1: 6920 SEAWAY BLVD. CITY: EVERETT STATE: WA ZIP: 98203 FORMER COMPANY: FORMER CONFORMED NAME: TGA Holding Corp. DATE OF NAME CHANGE: 20151123 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RALES MITCHELL P CENTRAL INDEX KEY: 0001015014 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11790 GLEN ROAD CITY: POTOMAC STATE: MD ZIP: 20854 BUSINESS PHONE: 301-299-2225 MAIL ADDRESS: STREET 1: 11790 GLEN ROAD CITY: POTOMAC STATE: MD ZIP: 20854 SC 13D/A 1 d830677dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Fortive Corporation

(Name of Issuer)

 

 

Common Stock, par value $.01 per share

(Title of Class of Securities)

34959J108

(CUSIP Number)

Scott Brannan

11790 Glen Road

Potomac, MD 20854

(301) 299-2225

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

May 4, 2020

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7(b) for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosure provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 34959J108       

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Mitchell P. Rales

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  ☐        (b)  ☐

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

N/A

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

☐

  6.  

Citizenship or Place of Organization

 

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      7.    

Sole Voting Power

 

11,443,870

     8.   

Shared Voting Power

 

None

     9.   

Sole Dispositive Power

 

11,443,870

   10.   

Shared Dispositive Power

 

None

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

11,443,870

12.

  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

☐

13.

  

Percent of Class Represented by Amount in Row (11)

 

3.4%1

14.

  

Type of Reporting Person (See Instructions)

 

IN

 

1

Based on 336,856,117 shares of the Issuer’s common stock outstanding as of April 23, 2020, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on April 30, 2020.

 

1

Introductory Statement

This Amendment No. 1 (this “Amendment”) to the Statement on Schedule 13D (the “Statement”) relates to the common stock, par value $0.01 per share, of Fortive Corporation, a Delaware corporation (the “Issuer”). This Amendment amends and supplements the Statement originally filed on July 6, 2016 with the Securities and Exchange Commission (the “Commission”) by Mitchell P. Rales (the “Reporting Person”). Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed thereto in the initial Statement. The purpose of this Amendment is to amend and supplement the information contained in Item 5 of the Statement.

 

Item 5

Interest in Securities of the Issuer

(a) Aggregate Number and Percentage of Securities. As of the date hereof, the Reporting Person is the beneficial owner of 11,443,870 Shares, representing approximately 3.4% of the approximately 336,856,117 Shares outstanding, as disclosed in the Issuer’s Form 10-Q filed on April 30, 2020. The Reporting Person’s ownership consists of (i) 11,000,000 Shares owned by limited liability companies (MPRDHR LLC, MPRDHR II LLC, MPRDHR III LLC, MPRDHR IV LLC, MPRDHR V LLC and MPRDHR VI LLC) of which the Reporting Person is the sole member, (ii) 428,040 Shares owned by an IRA for the benefit of the Reporting Person, (iii) 4,340 vested options to purchase Shares, and (iv) 11,490 restricted shares, representing a contingent right to acquire 11,490 Shares. The Reporting Person disclaims beneficial ownership of all Shares that are owned directly or indirectly by his spouse and by Steven M. Rales, his brother.

All of the Shares held by the limited liability companies of which the Reporting Person is the sole member are pledged to secure lines of credit with certain financial institutions and each of such limited liability companies is in compliance with these lines of credit.

(b) Power to Vote and Dispose. The Reporting Person has the sole voting and dispositive power over the Shares identified in response 5(a) above.

(c) Transactions within the Past 60 Days. During the 60-day period immediately preceding the filing date of this Statement, the Reporting Person engaged in the following transactions in Shares for estate planning purposes: On May 4, 2020, the Reporting Person (1) made a private gift of 1,000,000 Shares to a charitable foundation, (2) sold 4,727,321 Shares directly held by the Reporting Person in a block trade at a price of $58.06 per share, and (3) sold 514,101 Shares held by the Mitchell P. Rales Family Trust, of which the Reporting Person is trustee, in a block trade at a price of $58.06 per share. In addition, on May 4, 2020, two trusts for the benefit of the Reporting Person’s children sold 1,171 Shares each at a price of $60.38 per share.

(d) Certain Rights of Other Persons. Not applicable.

(e) Date Ceased to be a 5% Owner. As of May 4, 2020, the Reporting Person is no longer the beneficial owner of more than five percent of the Issuer’s Shares.

 

2

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

May 5, 2020
Date
/s/ Mitchell P. Rales
Signature
Mitchell P. Rales
Name/Title

 

3