4//SEC Filing
Weaver Emily A. 4
Accession 0001659166-19-000046
CIK 0001659166other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 6:29 PM ET
Size
12.2 KB
Accession
0001659166-19-000046
Insider Transaction Report
Form 4
Fortive CorpFTV
Weaver Emily A.
VP-Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2019-02-22$81.37/sh−624$50,775→ 8,044 total - Award
Executive Deferred Incentive Program - Fortive Stock Fund
2019-02-22$81.37/sh+483.989$39,382→ 2,505.5 totalExercise: $0.00→ Common Stock (483.989 underlying) - Exercise/Conversion
Common Stock
2019-02-22+2,393→ 8,668 total - Exercise/Conversion
Restricted Stock Unit
2019-02-22−2,393→ 4,782 total→ Common Stock (2,393 underlying)
Footnotes (6)
- [F1]This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
- [F2]Restricted stock units are payable in shares of common stock on a one-to-one basis.
- [F3]In connection with the separation of the Issuer from Danaher Corporation ("Danaher"), Restricted Stock Units issued by Danaher on February 24, 2016 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 11,961 Restricted Stock Units of the Issuer vesting in five equal annual installments beginning on February 24, 2017.
- [F4]Compensation deferred or contributed into the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.
- [F5]The notional shares convert on a one-to-one basis.
- [F6]The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.
Documents
Issuer
Fortive Corp
CIK 0001659166
Entity typeother
Related Parties
1- filerCIK 0001670835
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 6:29 PM ET
- Size
- 12.2 KB