SEC Form 4 · accession 0001209191-15-030747
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 30, 2015
Accepted (ET)
Apr 1, 2015 · 4:20 pm EDT
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 30, 2015 | M | 3,167 | $10.77 | A | 142,827 | D | |
| Common Stock | Mar 30, 2015 | M | 4,375 | $55.36 | A | 147,202 | D | |
| Common Stock | Mar 30, 2015 | S | 16,865 | $150.00 | D | 130,337 | 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)F2 | $10.77 | Mar 30, 2015 | M | 3,167 | D | — | Sep 29, 2021 | Common Stock | 3,167 | 1,667 | D |
| Employee Stock Option (right to buy)F3 | $55.36 | Mar 30, 2015 | M | 4,375 | D | — | Jan 20, 2023 | Common Stock | 4,375 | 6,250 | 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.
- F2One-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.
- F3One-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.