0001567619-19-020464.txt : 20191105
0001567619-19-020464.hdr.sgml : 20191105
20191105175240
ACCESSION NUMBER: 0001567619-19-020464
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191101
FILED AS OF DATE: 20191105
DATE AS OF CHANGE: 20191105
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: 191194491
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
doc1.xml
FORM 4
X0306
4
2019-11-01
0
0001262039
Fortinet, Inc.
FTNT
0001475587
Xie Ken
C/O FORTINET, INC.
899 KIFER ROAD
SUNNYVALE
CA
94086
1
1
0
0
Chairman & CEO
Common Stock
2019-11-01
4
M
0
2500
0
A
12520510
D
Common Stock
2019-11-01
4
M
0
3125
0
A
12523635
D
Common Stock
2019-11-01
4
M
0
3125
0
A
12526760
D
Common Stock
2019-11-01
4
F
0
4340
90.13
D
12522420
D
Restricted Stock Units
0
2019-11-01
4
M
0
2500
0
D
Common Stock
2500
2500
D
Restricted Stock Units
0
2019-11-01
4
M
0
3125
0
D
Common Stock
3125
15625
D
Restricted Stock Units
0
2019-11-01
4
M
0
3125
0
D
Common Stock
3125
28125
D
Vesting of restricted stock units ("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, 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/ Robert Turner, by power of attorney
2019-11-05