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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Executive Deferred Incentive Program - Fortive Stock Fund (1) | (2) | 03/06/2024 | A | V | 122.761 | (3) | (3) | Common Stock | 122.761 | $ 84.23 | 3,081.503 | D | |||
| Executive Deferred Incentive Program - Fortive Stock Fund (4) | (2) | 03/13/2024 | A | 844.255 | (3) | (3) | Common Stock | 844.255 | $ 85.46 | 3,925.758 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Simmons Edward Read 6920 SEAWAY BLVD EVERETT, WA 98203 |
SVP - Strategy | |||
| Daniel B. Kim, attorney-in-fact | 03/14/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Pursuant to the terms of Fortive's Executive Deferred Incentive Plan (the "EDIP"), the value of restoration contribution made by the Issuer through unfunded, notional shares of the Issuer's common stock reflect the identical amount of contribution that the Issuer would have made to the Reporting Person's 401(k) retirement account pursuant to the terms of the Company's savings plan had the amount of salary deferred by the Reporting Person in his EDIP account had instead been contributed by the Participant to his 401(k) retirement account. |
| (2) | The notional shares convert on a one-to-one basis. |
| (3) | The Reporting Person immediately vests in 100% of each voluntary contribution to the Fortive stock fund (the "EDIP Stock Fund") under the EDIP. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock. |
| (4) | Compensation deferred or contributed into the EDIP Stock Fund is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8. |