James A. Lico - Nov 15, 2021 Form 4 Insider Report for Fortive Corp (FTV)

Role
President and CEO, Director
Signature
Daniel B. Kim, as attorney-in-fact
Stock symbol
FTV
Transactions as of
Nov 15, 2021
Transactions value $
-$8,160,256
Form type
4
Date filed
11/17/2021, 04:02 PM
Previous filing
Sep 28, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTV Common Stock Options Exercise $3.78M +153K +38.16% $24.75 553K Nov 15, 2021 Direct
transaction FTV Common Stock Sale -$11.9M -153K -27.62% $78.14 401K Nov 15, 2021 Direct F1
holding FTV Common Stock 19.7K Nov 15, 2021 By 401(k) F2

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 Employee Stock Option (Right to Buy) Options Exercise $0 -153K -100% $0.00* 0 Nov 15, 2021 Common Stock 153K $24.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.00 to $78.48. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 Based on a plan statement dated as of October 31, 2021.
F3 Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-half of the stock options issued by Danaher on February 21, 2013 ("2013 Danaher Options") to the Reporting Person became exercisable on the fourth and fifth anniversary of the grant date. In connection with the Separation, the 2013 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 127,080 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.