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

Role: SVP - Chief Financial Officer
Signature: Daniel B. Kim, as attorney-in-fact
Issuer symbol: FTV
Transactions as of: 28 Jul 2023
Net transactions value: -$835,403
Form type: 4
Filing time: 31 Jul 2023, 17:51:45 UTC
Previous filing: 05 Jul 2023
Next filing: 04 Oct 2023
SEC: View on sec.gov

Quoteable Key Fact

"Charles E. McLaughlin filed Form 4 for Fortive Corp (FTV) on 31 Jul 2023."

Quick Takeaways

This page summarizes Charles E. McLaughlin's Form 4 filing for Fortive Corp (FTV).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 31 Jul 2023, 17:51.

What Changed

Previous filing in this sequence was filed on 05 Jul 2023.
Current net transaction value: -$835,403.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTV	Common Stock	Options Exercise	$460,994	+16,911	+17%	$27.26	118,230	28 Jul 2023	Direct
transaction	FTV	Common Stock	Sale	$1,296,397	-16,911	-14%	$76.66	101,319	28 Jul 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	-16,911	-100%	$0.000000^*	0	28 Jul 2023	Common Stock	16,911	$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.

Content

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.

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.