0001659166-18-000085.txt : 20180226
0001659166-18-000085.hdr.sgml : 20180226
20180226205550
ACCESSION NUMBER: 0001659166-18-000085
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180222
FILED AS OF DATE: 20180226
DATE AS OF CHANGE: 20180226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LICO JAMES A
CENTRAL INDEX KEY: 0001210231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37654
FILM NUMBER: 18642632
ISSUER:
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
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
4
1
wf-form4_151969653290812.xml
FORM 4
X0306
4
2018-02-22
0
0001659166
Fortive Corp
FTV
0001210231
LICO JAMES A
6920 SEAWAY BLVD
EVERETT
WA
98203
1
1
0
0
President and CEO
Common Stock
2018-02-22
4
A
0
36953
0
A
170347
D
Common Stock
2018-02-22
4
F
0
14542
76.68
D
155805
D
Common Stock
2018-02-22
4
A
0
33160
0
A
188965
D
Common Stock
2018-02-22
4
A
0
30210
A
219175
D
Common Stock
2018-02-23
4
M
0
21871
A
241046
D
Common Stock
2018-02-23
4
F
0
8604
77.14
D
232442
D
Common Stock
5052.94
I
By 401(k)
Employee Stock Option (Right to Buy)
76.68
2018-02-22
4
A
0
183090
0
A
2028-02-22
Common Stock
183090.0
183090
D
Restricted Stock Unit
2018-02-23
4
M
0
21871
0
D
Common Stock
21871.0
21870
D
In connection with the separation of the Issuer from Danaher Corporation ("Danaher"), Performance Stock Units issued by Danaher on February 24, 2015 to the Reporting Person that remained unvested as of July 2, 2016 were cancelled and replaced with Performance Stock Awards ("PSAs") of the Issuer. This transaction is being reported in connection with the determination by the Compensation Committee of the Issuer's Board of Directors (the "Committee") on February 22, 2018 that the performance criteria of the PSAs have been achieved. The shares remain subject to a two-year holding period requirement.
This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of PSAs.
On February 23, 2017, the Committee awarded the Reporting Person Performance-Based Restricted Stock Awards ("RSAs"). This transaction is being reported in connection with the determination by the Committee on February 22, 2018 that the performance criteria of the RSAs have been achieved. The RSAs remain subject to time-based vesting provisions.
On February 22, 2018, the Committee awarded the Reporting Person Restricted Stock Units ("RSUs"). This transaction is being reported to identify the portion of the RSUs that are subject only to time-based vesting provisions. Pursuant to the terms of the award, additional RSUs may be issued upon determination by the Committee that the corresponding performance criteria have been achieved.
Restricted stock units are payable in shares of common stock on a one-to-one basis.
This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
Based on a plan statement dated as of January 31, 2018.
One half of the options granted vest on each of the fourth and fifth anniversary of the grant date.
In connection with the separation of the Issuer from Danaher, Restricted Stock Units issued by Danaher on February 24, 2014 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 43,741 Restricted Stock Units of the Issuer vesting in two equal annual installments beginning on February 23, 2018.
Daniel B. Kim, as attorney-in-fact
2018-02-26