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.