0001209191-22-006990.txt : 20220203 0001209191-22-006990.hdr.sgml : 20220203 20220203190832 ACCESSION NUMBER: 0001209191-22-006990 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: Whittle John CENTRAL INDEX KEY: 0001476336 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 22590293 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 2022-02-01 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 2022-02-01 4 M 0 1095 0.00 A 1095 D Common Stock 2022-02-01 4 M 0 700 0.00 A 1795 D Common Stock 2022-02-01 4 M 0 496 0.00 A 2291 D Common Stock 2022-02-01 4 M 0 2034 0.00 A 4325 D Common Stock 2022-02-01 4 F 0 1918 302.18 D 2407 D Common Stock 2022-02-03 4 S 0 107 296.6726 D 2300 D Common Stock 2022-02-03 4 S 0 200 298.535 D 2100 D Common Stock 2022-02-03 4 S 0 300 299.7433 D 1800 D Common Stock 2022-02-03 4 S 0 200 302.015 D 1600 D Common Stock 2022-02-03 4 S 0 300 303.3967 D 1300 D Common Stock 2022-02-03 4 S 0 200 304.005 D 1100 D Common Stock 2022-02-03 4 S 0 600 305.58 D 500 D Common Stock 2022-02-03 4 S 0 300 306.9367 D 200 D Common Stock 2022-02-03 4 S 0 100 308.35 D 100 D Common Stock 2022-02-03 4 S 0 100 310.40 D 0 D Restricted Stock Units 0.00 2022-02-01 4 M 0 1095 0.00 D Common Stock 1095 0 D Restricted Stock Units 0.00 2022-02-01 4 M 0 700 0.00 D Common Stock 700 2800 D Restricted Stock Units 0.00 2022-02-01 4 M 0 496 0.00 D Common Stock 496 3966 D Restricted Stock Units 0.00 2022-02-01 4 M 0 2034 0.00 D Common Stock 2034 6103 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. The reported transaction was 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 $296.67 and the highest price at which shares were sold was $296.71. The Reporting Person undertakes to provide upon request to the staff of the Securities and 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 (4) through (11) to this Form 4. Represents the weighted average sale price. The lowest price at which shares were sold was $298.27 and the highest price at which shares were sold was $298.80. Represents the weighted average sale price. The lowest price at which shares were sold was $299.61 and the highest price at which shares were sold was $299.92. Represents the weighted average sale price. The lowest price at which shares were sold was $301.70 and the highest price at which shares were sold was $302.33. Represents the weighted average sale price. The lowest price at which shares were sold was $302.97 and the highest price at which shares were sold was $303.81. Represents the weighted average sale price. The lowest price at which shares were sold was $303.98 and the highest price at which shares were sold was $304.03. Represents the weighted average sale price. The lowest price at which shares were sold was $305.25 and the highest price at which shares were sold was $306.04. Represents the weighted average sale price. The lowest price at which shares were sold was $306.71 and the highest price at which shares were sold was $307.14. 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