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