Charles E. McLaughlin - Jul 28, 2023 Form 4 Insider Report for Fortive Corp (FTV)

Signature
Daniel B. Kim, as attorney-in-fact
Stock symbol
FTV
Transactions as of
Jul 28, 2023
Transactions value $
-$835,403
Form type
4
Date filed
7/31/2023, 05:51 PM
Previous filing
Jul 5, 2023
Next filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTV Common Stock Options Exercise $461K +16.9K +16.69% $27.26 118K Jul 28, 2023 Direct
transaction FTV Common Stock Sale -$1.3M -16.9K -14.3% $76.66 101K Jul 28, 2023 Direct F1

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 -16.9K -100% $0.00* 0 Jul 28, 2023 Common Stock 16.9K $27.26 Direct F2
* 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 $76.36 to $77.10. 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 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 30, 2013 ("2013 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 2013 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 14,060 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.