0001209191-22-044203.txt : 20220803
0001209191-22-044203.hdr.sgml : 20220803
20220803164052
ACCESSION NUMBER: 0001209191-22-044203
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220801
FILED AS OF DATE: 20220803
DATE AS OF CHANGE: 20220803
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jensen Keith
CENTRAL INDEX KEY: 0001418649
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34511
FILM NUMBER: 221133260
MAIL ADDRESS:
STREET 1: C/O FORTINET, INC.
STREET 2: 899 KIFER ROAD
CITY: SUNNYVALE
STATE: CA
ZIP: 94068
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
2022-08-01
0
0001262039
Fortinet, Inc.
FTNT
0001418649
Jensen Keith
C/O FORTINET, INC.
899 KIFER ROAD
SUNNYVALE
CA
94086
0
1
0
0
CFO & Chief Accounting Officer
Common Stock
2022-08-01
4
M
0
4910
0.00
A
9325
D
Common Stock
2022-08-01
4
M
0
4245
0.00
A
13570
D
Common Stock
2022-08-01
4
M
0
3990
0.00
A
17560
D
Common Stock
2022-08-01
4
F
0
6519
60.06
D
11041
D
Restricted Stock Units
0.00
2022-08-01
4
M
0
4910
0.00
D
Common Stock
4910
9820
D
Restricted Stock Units
0.00
2022-08-01
4
M
0
4245
0.00
D
Common Stock
4245
25465
D
Restricted Stock Units
0.00
2022-08-01
4
M
0
3990
0.00
D
Common Stock
3990
39945
D
Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
The Reporting Person's holdings have been adjusted to reflect the 5-for-1 stock split of the Issuer's common stock that occurred on June 22, 2022.
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, 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.
RSUs do not expire; they either vest or are canceled prior to the vesting date.
This RSU has been adjusted to reflect the 5-for-1 stock split of the Issuer's common stock that occurred on June 22, 2022.
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
2022-08-03