4//SEC Filing
McLaughlin Charles E 4
Accession 0001659166-24-000141
CIK 0001659166other
Filed
Jul 15, 8:00 PM ET
Accepted
Jul 16, 8:27 PM ET
Size
9.9 KB
Accession
0001659166-24-000141
Insider Transaction Report
Form 4
Fortive CorpFTV
McLaughlin Charles E
SVP - Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2024-07-15$76.23/sh−9,573$729,750→ 80,255 total - Exercise/Conversion
Common Stock
2024-07-15$31.75/sh+14,816$470,408→ 89,828 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2024-07-15−14,816→ 0 totalExercise: $31.75Exp: 2024-07-15→ Common Stock (14,816 underlying)
Footnotes (2)
- [F1]Under the terms of the Fortive 2016 Stock Incentive Plan, on the last trading day on which all or a portion of an outstanding option may be exercised, if as of the close of trading on such day the then closing market price of a share of Common Stock exceeds the per share exercise price of such option by at least $.01 (an "Auto-Exercise Eligible Option"), the holder of such option will be deemed to have automatically exercised ("Auto Exercise") such Auto-Exercise Eligible Option as of the close of trading, with the Registrant reducing the number of shares of common stock issued to the holder of such option in an amount necessary to satisfy (1) the exercise price obligation for the Auto-Exercise Eligible Option, and (2) the tax withholding requirements arising upon the Auto Exercise, in each case based on the market price as of the close of trading on the date of Auto Exercise. This transaction is being reported to disclose the Auto Exercise of the corresponding options.
- [F2]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 July 15, 2014 ("2014 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 2014 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 12,318 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.
Documents
Issuer
Fortive Corp
CIK 0001659166
Entity typeother
Related Parties
1- filerCIK 0001671511
Filing Metadata
- Form type
- 4
- Filed
- Jul 15, 8:00 PM ET
- Accepted
- Jul 16, 8:27 PM ET
- Size
- 9.9 KB