FORTINET INC 4
4 · FORTINET INC · Filed Aug 10, 2015
Insider Transaction Report
Form 4
FORTINET INCFTNT
LU HONG LIANG
Director
Transactions
- Exercise/Conversion
Common Stock
2015-08-06+1,325→ 7,080 total - Exercise/Conversion
Restricted Stock Units
2015-08-08−313→ 1,250 totalExercise: $0.00→ Common Stock (313 underlying) - Exercise/Conversion
Restricted Stock Units
2015-08-06−1,325→ 3,975 totalExercise: $0.00→ Common Stock (1,325 underlying) - Exercise/Conversion
Common Stock
2015-08-08+313→ 7,393 total
Footnotes (5)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 6, 2014.
- [F2]Vesting of RSUs granted to the Reporting Person on August 8, 2012.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F4]25% of the RSUs vested on August 6, 2015, 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 service of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
- [F5]25% of the RSUs vested on August 8, 2013, 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 service of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.