SEC Form 4 · accession 0001209191-15-023494

Palo Alto Networks Inc · PANW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Rene Bonvanie

Officer — Chief Marketing Officer

Period of report

Mar 4, 2015

Accepted (ET)

Mar 6, 2015 · 4:06 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001327567

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock	Mar 4, 2015	M	3,166	$10.77	A	156,060	D
Common Stock	Mar 4, 2015	M	4,375	$55.36	A	160,435	D
Common Stock^F2	Mar 4, 2015	S	4,273	$143.1954	D	156,162	D
Common Stock^F3	Mar 4, 2015	S	10,276	$143.8663	D	145,886	D
Common Stock^F4	Mar 4, 2015	S	1,816	$144.9268	D	144,070	D
Common Stock^F5	Mar 4, 2015	S	200	$145.885	D	143,870	D
Common Stock	Mar 4, 2015	S	100	$146.78	D	143,770	D
Common Stock^F6	Mar 4, 2015	S	200	$148.215	D	143,570	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F7	$10.77	Mar 4, 2015	M	3,166	D	—	Sep 29, 2021	Common Stock	3,166	4,834	D
Employee Stock Option (right to buy)^F8	$55.36	Mar 4, 2015	M	4,375	D	—	Jan 20, 2023	Common Stock	4,375	10,625	D

Explanation of responses

F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2015.
F2This sale price represents the weighted average sale price of the shares sold ranging from $142.45 to $143.44 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F3This sale price represents the weighted average sale price of the shares sold ranging from $143.45 to $144.41 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4This sale price represents the weighted average sale price of the shares sold ranging from $144.46 to $145.33 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F5This sale price represents the weighted average sale price of the shares sold ranging from $145.60 to $146.17 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F6This sale price represents the weighted average sale price of the shares sold ranging from $148.19 to $148.24 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F7One-fourth (1/4) of the shares subject to the option vested on September 30, 2012 and one forty-eighth (1/48) of the shares vest monthly thereafter.
F8One-third (1/3) of the shares subject to the option vested on January 21, 2014 and one-twelfth (1/12) of the shares subject to the option vest quarterly thereafter.