Jonathan L. Schwarz - Sep 13, 2024 Form 4 Insider Report for Fortive Corp (FTV)

Role: SVP - Corporate Development
Signature: Daniel B. Kim, as attorney-in-fact
Stock symbol: FTV
Transactions as of: Sep 13, 2024
Transactions value $: -$547,443
Form type: 4
Date filed: 9/16/2024, 08:08 PM
Previous filing: Jul 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTV	Common Stock	Options Exercise	$502K	+14.2K	+20.87%	$35.31	82.4K	Sep 13, 2024	Direct
transaction	FTV	Common Stock	Sale	-$1.05M	-14.2K	-17.26%	$73.80	68.2K	Sep 13, 2024	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	-14.2K	-100%	$0.00	0	Sep 13, 2024	Common Stock	14.2K	$35.31	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 $73.45 to $74.14. 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 February 24, 2015 ("2015 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 2015 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 11,826 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 $73.45 to $74.14. 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 February 24, 2015 ("2015 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 2015 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 11,826 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.