0001567619-19-002384.txt : 20190205 0001567619-19-002384.hdr.sgml : 20190205 20190205163345 ACCESSION NUMBER: 0001567619-19-002384 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190201 FILED AS OF DATE: 20190205 DATE AS OF CHANGE: 20190205 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: 19568391 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 4 1 doc1.xml FORM 4 X0306 4 2019-02-01 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 2019-02-01 4 M 0 2500 0 A 12523596 D Common Stock 2019-02-01 4 M 0 2500 0 A 12526096 D Common Stock 2019-02-01 4 M 0 3125 0 A 12529221 D Common Stock 2019-02-01 4 M 0 12500 0 A 12541721 D Common Stock 2019-02-01 4 F 0 8481 78.90 D 12533240 D Restricted Stock Units 0 2019-02-01 4 M 0 2500 0 D Common Stock 2500 0 D Restricted Stock Units 0 2019-02-01 4 M 0 2500 0 D Common Stock 2500 10000 D Restricted Stock Units 0 2019-02-01 4 M 0 3125 0 D Common Stock 3125 25000 D Restricted Stock Units 0 2019-02-01 4 M 0 12500 0 D Common Stock 12500 37500 D Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 11, 2015. Vesting of RSUs granted to the Reporting Person on February 11, 2016. Vesting of RSUs granted to the Reporting Person on February 16, 2017. Vesting of RSUs granted to the Reporting Person on February 20, 2018. 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 RSUs and PSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs vest on February 1, 2016, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as 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 vest on February 1, 2017, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as 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 vest on February 1, 2018, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as 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, 2019, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter, until such time as 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. /s/John Whittle, by power of attorney 2019-02-05