4//SEC Filing
Pringle William W 4
Accession 0001659166-21-000081
CIK 0001659166other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 7:51 PM ET
Size
19.5 KB
Accession
0001659166-21-000081
Insider Transaction Report
Form 4
Fortive CorpFTV
Pringle William W
Senior Vice President
Transactions
- Award
Common Stock
2021-02-24+3,852→ 73,054 total - Exercise/Conversion
Common Stock
2021-02-24$35.38/sh+13,087$463,018→ 86,141 total - Sale
Common Stock
2021-02-24$67.42/sh−8,722$588,081→ 77,419 total - Sale
Common Stock
2021-02-24$67.37/sh−4,365$294,070→ 73,054 total - Exercise/Conversion
Common Stock
2021-02-24+4,313→ 77,367 total - Tax Payment
Common Stock
2021-02-24$67.64/sh−1,789$121,008→ 75,578 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2021-02-24−13,087→ 0 totalExercise: $35.38Exp: 2026-02-24→ Common Stock (13,087 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-02-24−4,313→ 0 total→ Common Stock (4,313 underlying) - Award
Common Stock
2021-02-24+518→ 69,202 total
Footnotes (6)
- [F1]On February 20, 2020, the the Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Restricted Stock Units ("RSUs") with the opportunity to earn additional RSUs ("Additional RSUs") upon achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 24, 2021 that the performance criteria of the Additional RSUs have been achieved. The Additional RSUs remain subject to time-based vesting provisions.
- [F2]Restricted stock units are payable in shares of common stock on a one-to-one basis.
- [F3]On February 22, 2018, the Committee awarded the Reporting Person Performance Stock Units ("PSUs") subject to achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 24, 2021 that the performance criteria of the PSUs have been achieved. The shares remain subject to a two-year holding period requirement.
- [F4]This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
- [F5]Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-fifth of the stock options issued by Danaher on February 24, 2016 ("2016 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2016 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 54,357 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.
- [F6]In connection with the separation of the Issuer from 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 17,946 Restricted Stock Units of the Issuer vesting in five equal annual installments beginning on February 24, 2017. In addition, the total number of outstanding Restricted Stock Units of the Issuer reflects an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.
Documents
Issuer
Fortive Corp
CIK 0001659166
Entity typeother
Related Parties
1- filerCIK 0001670864
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 7:51 PM ET
- Size
- 19.5 KB