Ducourty Kelly 4
4 · Fortinet, Inc. · Filed Oct 1, 2020
Insider Transaction Report
Form 4
Fortinet, Inc.FTNT
Ducourty Kelly
Director
Transactions
- Exercise/Conversion
Common Stock
2020-09-30+448→ 869 total - Exercise/Conversion
Restricted Stock Units
2020-09-30−448→ 1,344 totalExercise: $0.00→ Common Stock (448 underlying)
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2020.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F3]The RSUs will vest in substantially equal increments on each of September 30, 2020, December 31, 2020, March 31, 2021, and the earlier of (i) June 30, 2021 and (ii) the date immediately preceding the Issuer's 2021 annual meeting of shareholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
- [F4]RSUs do not expire; they either vest or are canceled prior to vest date.