0001209191-20-011990.txt : 20200224
0001209191-20-011990.hdr.sgml : 20200224
20200224164243
ACCESSION NUMBER: 0001209191-20-011990
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200220
FILED AS OF DATE: 20200224
DATE AS OF CHANGE: 20200224
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Whittle John
CENTRAL INDEX KEY: 0001476336
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34511
FILM NUMBER: 20644952
MAIL ADDRESS:
STREET 1: 1090 KIFER ROAD
CITY: SUNNYVALE
STATE: CA
ZIP: 94086
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Fortinet, Inc.
CENTRAL INDEX KEY: 0001262039
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
IRS NUMBER: 770560389
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 899 KIFER ROAD
CITY: SUNNYVALE
STATE: CA
ZIP: 94086
BUSINESS PHONE: 408-235-7700
MAIL ADDRESS:
STREET 1: 899 KIFER ROAD
CITY: SUNNYVALE
STATE: CA
ZIP: 94086
FORMER COMPANY:
FORMER CONFORMED NAME: FORTINET INC
DATE OF NAME CHANGE: 20030902
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-02-20
0
0001262039
Fortinet, Inc.
FTNT
0001476336
Whittle John
C/O FORTINET, INC.
899 KIFER ROAD
SUNNYVALE
CA
94086
0
1
0
0
VP Corp Dev&Strat Alliance,GC
Common Stock
2020-02-20
4
M
0
626
23.83
A
1895
D
Common Stock
2020-02-20
4
M
0
626
37.24
A
2521
D
Common Stock
2020-02-20
4
M
0
1216
49.06
A
3737
D
Common Stock
2020-02-20
4
S
0
470
116.7591
D
3267
D
Common Stock
2020-02-20
4
S
0
1206
117.9619
D
2061
D
Common Stock
2020-02-20
4
S
0
624
119.2242
D
1437
D
Common Stock
2020-02-20
4
S
0
168
119.6881
D
1269
D
Common Stock
2020-02-21
4
M
0
8398
84.49
A
9667
D
Common Stock
2020-02-21
4
S
0
4024
114.2495
D
5643
D
Common Stock
2020-02-21
4
S
0
3974
115.4118
D
1669
D
Common Stock
2020-02-21
4
S
0
200
116.57
D
1469
D
Common Stock
2020-02-21
4
S
0
200
117.615
D
1269
D
Stock Option (right to buy)
23.83
2020-02-20
4
M
0
626
0.00
D
2023-02-11
Common Stock
626
625
D
Stock Option (right to buy)
37.24
2020-02-20
4
M
0
626
0.00
D
2024-02-16
Common Stock
626
16249
D
Stock Option (right to buy)
49.06
2020-02-20
4
M
0
1216
0.00
D
2025-02-20
Common Stock
1216
49840
D
Stock Option (right to buy)
84.49
2020-02-21
4
M
0
8398
0.00
D
2026-02-21
Common Stock
8398
25196
D
Restricted Stock Units
0.00
2020-02-21
4
A
0
7932
0.00
A
Common Stock
7932
7932
D
Nonqualified Stock Option (right to buy)
114.48
2020-02-21
4
A
0
23796
0.00
A
2027-02-21
Common Stock
23796
23796
D
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
Represents the weighted average sale price. The lowest price at which shares were sold was $116.30 and the highest price at which shares were sold was $117.24. 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 (2), (3), (4), (5), (6), (7), (8) and (9) to this Form 4.
Represents the weighted average sale price. The lowest price at which shares were sold was $117.33 and the highest price at which shares were sold was $118.31.
Represents the weighted average sale price. The lowest price at which shares were sold was $118.60 and the highest price at which shares were sold was $119.60.
Represents the weighted average sale price. The lowest price at which shares were sold was $119.61 and the highest price at which shares were sold was $119.83.
Represents the weighted average sale price. The lowest price at which shares were sold was $113.82 and the highest price at which shares were sold was $114.82.
Represents the weighted average sale price. The lowest price at which shares were sold was $115.04 and the highest price at which shares were sold was $115.82.
Represents the weighted average sale price. The lowest price at which shares were sold was $116.09 and the highest price at which shares were sold was $117.05.
Represents the weighted average sale price. The lowest price at which shares were sold was $117.42 and the highest price at which shares were sold was $117.81.
1/4 of the shares subject to the option vested on February 11, 2017 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
1/4 of the shares subject to the option vested on February 16, 2018 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the issuer on each vesting date.
1/4 of the shares subject to the option vested on February 20, 2019 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
1/4 of the shares subject to the option vested on February 21, 2020 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
25% of the RSUs will vest on February 1, 2021, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
1/4 of the shares subject to the option will vest on February 21, 2021 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
/s/ Robert Turner, by power of attorney
2020-02-24