James A. Lico - Feb 2, 2024 Form 4 Insider Report for Fortive Corp (FTV)

Signature
Daniel B. Kim, as attorney-in-fact
Stock symbol
FTV
Transactions as of
Feb 2, 2024
Transactions value $
-$10,543,365
Form type
4
Date filed
2/6/2024, 06:40 PM
Previous filing
Jan 2, 2024
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTV Common Stock Options Exercise $3.11M +100K +22.73% $31.07 540K Feb 2, 2024 Direct
transaction FTV Common Stock Sale -$8.23M -100K -18.52% $82.30 440K Feb 2, 2024 Direct F1
transaction FTV Common Stock Options Exercise $979K +31.5K +7.17% $31.07 471K Feb 6, 2024 Direct
transaction FTV Common Stock Options Exercise $2.28M +75K +15.91% $30.42 546K Feb 6, 2024 Direct
transaction FTV Common Stock Sale -$8.63M -106K -19.37% $81.49 441K Feb 6, 2024 Direct F2
transaction FTV Common Stock Sale -$55.4K -672 -0.15% $82.42 440K Feb 6, 2024 Direct F3
holding FTV Common Stock 131K Feb 2, 2024 By Grantor Retained Annuity Trust
holding FTV Common Stock 19.8K Feb 2, 2024 By 401(k) F4

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 -100K -76.03% $0.00 31.5K Feb 2, 2024 Common Stock 100K $31.07 Direct F5
transaction FTV Employee Stock Option (Right to Buy) Options Exercise $0 -31.5K -100% $0.00* 0 Feb 6, 2024 Common Stock 31.5K $31.07 Direct F5
transaction FTV Employee Stock Option (Right to Buy) Options Exercise $0 -75K -71.78% $0.00 29.5K Feb 6, 2024 Common Stock 75K $30.42 Direct F6
* 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 $82.00 to $82.71. 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 The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.11 to $82.00. 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.
F3 The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.22 to $82.47. 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.
F4 Based on a plan statement dated as of January 31, 2024.
F5 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 24, 2014 ("2014 February Danaher Options") to the Reporting Person became exercisable on the fourth and fifth anniversary of the grant date. In connection with the Separation, the 2014 February Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 109,350 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.
F6 Prior to the Separation, one-half of the stock options issued by Danaher on May 15, 2014 ("2014 May Danaher Options") to the Reporting Person became exercisable on the fourth and fifth anniversary of the grant date. In connection with the Separation, the 2014 May Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 86,865 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.