Jensen Keith's Form 4/A amendment
AmendedFortinet, Inc. (FTNT) · filed Mar 6, 2023
- Accession no.
- 0001209191-23-016468
- Filed
- Mar 6, 2023
- Trade date
- Feb 17, 2022
- Filing delay
- 382 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Feb 18, 2022
This filing lists 2 derivative transactions. It carries over 6 transactions from the original filing that it did not restate. Open-market sales total $1.13M. It was filed 382 days after the trade.
This amendment restates part of 0001209191-22-011301 (filed Feb 18, 2022). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Jensen KeithCIK 0001418649 | Officer (CFO & Chief Accounting Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 17, 2022 | Common Stock | AGrant or awardAcquired | +6,049 | $0.00 | $0 | 6,049 | Direct | |
| Feb 17, 2022 | Common Stock | AGrant or awardAcquired | +18,147 | $0.00 | $0 | 18,147 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001209191-22-011301 (filed Feb 18, 2022).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 17, 2022 | Common Stock | SSaleDisposed | −700 | $310.30F2 | −$217,210 | 3,783 | Direct | |
| Feb 17, 2022 | Common Stock | SSaleDisposed | −500 | $311.48F3 | −$155,740 | 3,283 | Direct | |
| Feb 17, 2022 | Common Stock | SSaleDisposed | −300 | $312.41F4 | −$93,723 | 2,983 | Direct | |
| Feb 17, 2022 | Common Stock | SSaleDisposed | −501 | $313.78F5 | −$157,203.78 | 2,482 | Direct | |
| Feb 17, 2022 | Common Stock | SSaleDisposed | −1,000 | $315.19F6 | −$315,190 | 1,482 | Direct | |
| Feb 17, 2022 | Common Stock | SSaleDisposed | −599 | $315.99F7 | −$189,278.01 | 883 | Direct |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F2
Represents the weighted average sale price. The lowest price at which shares were sold was $309.84 and the highest price at which shares were sold was $310.74. The reporting person undertakes to provide upon request to the staff of the Securities 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 (2) through (7) to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F3
Represents the weighted average sale price. The lowest price at which shares were sold was $310.92 and the highest price at which shares were sold was $311.83.
Referenced by the price of 1 transaction in Table I.
- F4
Represents the weighted average sale price. The lowest price at which shares were sold was $312.04 and the highest price at which shares were sold was $312.60.
Referenced by the price of 1 transaction in Table I.
- F5
Represents the weighted average sale price. The lowest price at which shares were sold was $313.43 and the highest price at which shares were sold was $314.14.
Referenced by the price of 1 transaction in Table I.
- F6
Represents the weighted average sale price. The lowest price at which shares were sold was $314.68 and the highest price at which shares were sold was $315.65.
Referenced by the price of 1 transaction in Table I.
- F7
Represents the weighted average sale price. The lowest price at which shares were sold was $315.69 and the highest price at which shares were sold was $316.33.
Referenced by the price of 1 transaction in Table I.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2
25% of the RSUs will vest on February 1, 2023, 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.
- F3
RSUs do not expire; they either vest or are canceled prior to the vesting date.
- F4
1/4 of the shares subject to the option will vest on February 17, 2023, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Remarks
Form 4 filed on February 18, 2022 inadvertently reflected each of the reported transactions as a disposition of derivative securities in Column 5 of Table II. This amendment to Form 4 correctly reflects each of the reported transactions as an acquisition of derivative securities in Column 5 of Table II. In addition, this amendment corrects the number of securities reported in Column 9 of Table II with respect to the stock option reported in the original Form 4.