Peter C. Underwood - May 14, 2021 Form 4 Insider Report for Fortive Corp (FTV)

Role
SVP - General Counsel
Signature
Daniel B. Kim, as attorney-in-fact
Stock symbol
FTV
Transactions as of
May 14, 2021
Transactions value $
-$39,471
Form type
4
Date filed
5/17/2021, 06:47 PM
Next filing
Jun 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTV Common Stock Options Exercise $0 +2.3K +5.14% $0.00 47K May 14, 2021 Direct
transaction FTV Common Stock Tax liability -$39.5K -559 -1.19% $70.61 46.4K May 14, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FTV Restricted Stock Unit Options Exercise $0 -2.3K -100% $0.00* 0 May 14, 2021 Common Stock 2.3K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units are payable in shares of common stock on a one-to-one basis.
F2 In connection with the spin-off of Vontier Corporation by the Issuer, outstanding Restricted Stock Units ("RSUs"), including RSUs previously granted to the Reporting Person, were subject to anti-dilution adjustments ("Anti-Dilution Adjustment"). The total number of RSUs reported include the additional RSUs held by the Reporting Person as a result of the Anti-Dilution Adjustment.
F3 In connection with the separation of the Issuer from Danaher, RSUs issued by Danaher on May 15, 2016 to the Reporting Person vesting in five equal annual installments that remained unvested as of July 2, 2016 were converted into 9,552 RSUs of the Issuer vesting in five equal annual installments beginning on May 15, 2017.