0001209191-22-006964.txt : 20220203
0001209191-22-006964.hdr.sgml : 20220203
20220203185733
ACCESSION NUMBER: 0001209191-22-006964
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220201
FILED AS OF DATE: 20220203
DATE AS OF CHANGE: 20220203
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Xie Ken
CENTRAL INDEX KEY: 0001475587
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34511
FILM NUMBER: 22590231
MAIL ADDRESS:
STREET 1: 4655 GREAT AMERICA PARKWAY - SUITE 300
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
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
2022-02-01
0
0001262039
Fortinet, Inc.
FTNT
0001475587
Xie Ken
C/O FORTINET, INC.
899 KIFER ROAD
SUNNYVALE
CA
94086
1
1
0
0
President & CEO
Common Stock
2022-02-01
4
M
0
3125
0.00
A
12575420
D
Common Stock
2022-02-01
4
M
0
3062
0.00
A
12578482
D
Common Stock
2022-02-01
4
M
0
2569
0.00
A
12581051
D
Common Stock
2022-02-01
4
M
0
9066
0.00
A
12590117
D
Common Stock
2022-02-01
4
F
0
8357
302.18
D
12581760
D
Restricted Stock Units
0.00
2022-02-01
4
M
0
3125
0.00
D
Common Stock
3125
0
D
Restricted Stock Units
0.00
2022-02-01
4
M
0
3062
0.00
D
Common Stock
3062
12248
D
Restricted Stock Units
0.00
2022-02-01
4
M
0
2569
0.00
D
Common Stock
2569
20549
D
Restricted Stock Units
0.00
2022-02-01
4
M
0
9066
0.00
D
Common Stock
9066
27201
D
Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.
Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
25% of the RSUs vested on February 1, 2019, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter until the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
RSUs do not expire; they either vest or are canceled prior to the vesting date.
25% of the RSUs vested on February 1, 2020, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter until the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
25% of the RSUs vested 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.
25% of the RSUs vested on February 1, 2022, 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.
/s/ Robert Turner, by power of attorney
2022-02-03