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FORTINET INC·4

Nov 24, 7:01 PM ET

Hara George 4

4 · FORTINET INC · Filed Nov 24, 2009

Insider Transaction Report

Form 4
Period: 2009-11-23
FORTINET INCFTNT
Hara George
Director
Transactions
  • Exercise/Conversion

    Common Stock

    2009-11-23$0.50/sh+10,000$5,000→ 10,000 total
  • Conversion

    Common Stock

    2009-11-23+833,334→ 963,334 total(indirect: See footnote)
  • Conversion

    Common Stock

    2009-11-23+120,000→ 1,083,334 total(indirect: See footnote)
  • Sale

    Common Stock

    2009-11-23$11.63/sh−133,333$1,549,996→ 533,333 total(indirect: See footnote)
  • Sale

    Common Stock

    2009-11-23$11.63/sh−84,000$976,500→ 336,000 total(indirect: See footnote)
  • Conversion

    Common Stock

    2009-11-23$11.63/sh−28,819$335,021→ 91,181 total(indirect: See footnote)
  • Sale

    Common Stock

    2009-11-23$11.63/sh−10,000$116,250→ 0 total
  • Conversion

    Common Stock

    2009-11-23+130,000→ 130,000 total(indirect: See footnote)
  • Conversion

    Common Stock

    2009-11-23+420,000→ 420,000 total(indirect: See footnote)
  • Conversion

    Common Stock

    2009-11-23+166,667→ 166,667 total(indirect: See footnote)
  • Conversion

    Series C Convertible Preferred Stock

    2009-11-23−166,667→ 0 total(indirect: See footnote)
    → Common Stock (166,667 underlying)
  • Conversion

    Series E Convertible Preferred Stock

    2009-11-23−80,000→ 0 total(indirect: See footnote)
    → Common Stock (80,000 underlying)
  • Conversion

    Series E Convertible Preferred Stock

    2009-11-23−200,000→ 0 total(indirect: See footnote)
    → Common Stock (200,000 underlying)
  • Conversion

    Series B Convertible Preferred Stock

    2009-11-23−70,000→ 0 total(indirect: See footnote)
    → Common Stock (70,000 underlying)
  • Conversion

    Series C Convertible Preferred Stock

    2009-11-23−50,000→ 0 total(indirect: See footnote)
    → Common Stock (50,000 underlying)
  • Sale

    Common Stock

    2009-11-23$11.63/sh−216,666$2,518,742→ 866,668 total(indirect: See footnote)
  • Conversion

    Common Stock

    2009-11-23+666,666→ 666,666 total(indirect: See footnote)
  • Conversion

    Common Stock

    2009-11-23+80,000→ 246,667 total(indirect: See footnote)
  • Sale

    Common Stock

    2009-11-23$11.63/sh−33,333$387,496→ 213,334 total(indirect: See footnote)
  • Conversion

    Common Stock

    2009-11-23+200,000→ 200,000 total(indirect: See footnote)
  • Sale

    Common Stock

    2009-11-23$11.63/sh−200,000$2,325,000→ 0 total(indirect: See footnote)
  • Conversion

    Common Stock

    2009-11-23+50,000→ 120,000 total(indirect: See footnote)
  • Exercise/Conversion

    Stock Option (right to buy)

    2009-11-23−10,000→ 90,000 total
    Exercise: $0.50Exp: 2012-08-13→ Common Stock (10,000 underlying)
  • Conversion

    Series B Convertible Preferred Stock

    2009-11-23−130,000→ 0 total(indirect: See footnote)
    → Common Stock (130,000 underlying)
  • Conversion

    Series C Convertible Preferred Stock

    2009-11-23−666,666→ 0 total(indirect: See footnote)
    → Common Stock (666,666 underlying)
  • Conversion

    Series E Convertible Preferred Stock

    2009-11-23−420,000→ 0 total(indirect: See footnote)
    → Common Stock (420,000 underlying)
  • Conversion

    Common Stock

    2009-11-23+70,000→ 70,000 total(indirect: See footnote)
  • Conversion

    Series C Convertible Preferred Stock

    2009-11-23−833,334→ 0 total(indirect: See footnote)
    → Common Stock (833,334 underlying)
  • Conversion

    Series E Convertible Preferred Stock

    2009-11-23−120,000→ 0 total(indirect: See footnote)
    → Common Stock (120,000 underlying)
Footnotes (10)
  • [F1]The Series B Convertible Preferred Stock shall automatically converted into Common Stock on a 1:1 basis upon the closing of the Issuer's initial public offering of common stock and had no expiration date.
  • [F10]Shares subject to the option are fully vested and immediately exercisable.
  • [F2]Shares held directly by Defta Alliance Fund II, L.P. ("DAF"). The Reporting Person is a managing member of Coba Management, LLC ("Coba Mgmt"), the general partner of DAF, and may be deemed to share voting and dispositive power over the shares that may be deemed beneficially held by DAF. The Reporting Person disclaims beneficial ownership of all such shares, except to the extent of his pecuniary interest therein.
  • [F3]The Series C Convertible Preferred Stock automatically converted into Common Stock on a 1:1 basis upon the closing of the Issuer's initial public offering of common stock and had no expiration date.
  • [F4]The Series E Convertible Preferred Stock automatically converted into Common Stock on a 1:1 basis upon the closing of the Issuer's initial public offering of common stock and had no expiration date.
  • [F5]Shares held directly by Coba Mgmt. The Reporting Person is a managing member of Coba Mgmt and may be deemed to share voting and dispositive power over the shares that may be deemed beneficially held by Coba Mgmt. The Reporting Person disclaims beneficial ownership of all such shares, except to the extent of his pecuniary interest therein.
  • [F6]Shares held directly by Defta Fortinet Holdings, LP ("DFH"). The Reporting Person is a managing member of Coba Mgmt, the general partner of DFH, and may be deemed to share voting and dispositive power over the shares that may be deemed beneficially held by DFH. The Reporting Person disclaims beneficial ownership of all such shares, except to the extent of his pecuniary interest therein.
  • [F7]Shares held directly by Defta Ubiquitous Technologies, LP ("DUT"). The Reporting Person is a managing member of Coba International, the general partner of DUT, and may be deemed to share voting and dispositive power over the shares that may be deemed beneficially held by DUT. The Reporting Person disclaims beneficial ownership of all such shares, except to the extent of his pecuniary interest therein.
  • [F8]Shares held directly by Defta Corporate Capital II ("DCC"). The Reporting Person is a managing member of Coba International, the general partner of DCC, and may be deemed to share voting and dispositive power over the shares that may be deemed beneficially held by DCC. The Reporting Person disclaims beneficial ownership of all such shares, except to the extent of his pecuniary interest therein.
  • [F9]Shares held directly by Defta Archipelago, LLC ("DA"). The Reporting Person is a director of Defta, Inc., the manager of DA, and may be deemed to share voting and dispositive power over the shares that may be deemed beneficially held by DA. The Reporting Person disclaims beneficial ownership of all such shares, except to the extent of his pecuniary interest therein.

Documents

1 file
  • 4
    rrd257996.xmlPrimary

    FORM 4