SEC Form 4 · accession 0001209191-15-031322
Palo Alto Networks Inc · PANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Warmenhoven
Director
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 4:03 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 StockF1,F2 | Mar 31, 2015 | M | 5,000 | $15.50 | A | 17,266 | I | See footnote |
| Common StockF4,F2 | Mar 31, 2015 | S | 1,754 | $146.0665 | D | 15,512 | I | See footnote |
| Common StockF5,F2 | Mar 31, 2015 | S | 2,900 | $147.2793 | D | 12,612 | I | See footnote |
| Common StockF6,F2 | Mar 31, 2015 | S | 346 | $147.8675 | D | 12,266 | I | See footnote |
| Common StockF1,F2 | Apr 1, 2015 | M | 3,000 | $15.50 | A | 15,266 | I | See footnote |
| Common StockF7,F2 | Apr 1, 2015 | S | 700 | $140.0657 | D | 14,566 | I | See footnote |
| Common StockF8,F2 | Apr 1, 2015 | S | 800 | $141.3362 | D | 13,766 | I | See footnote |
| Common StockF9,F2 | Apr 1, 2015 | S | 800 | $142.4584 | D | 12,966 | I | See footnote |
| Common StockF10,F2 | Apr 1, 2015 | S | 400 | $143.56 | D | 12,566 | I | See footnote |
| Common StockF11,F2 | Apr 1, 2015 | S | 300 | $145.4633 | D | 12,266 | I | See footnote |
| Common Stock | holding | — | — | — | 4,766 | 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)F12 | $15.50 | Mar 31, 2015 | M | 5,000 | D | — | Mar 5, 2022 | Common Stock | 5,000 | 45,500 | D |
| Employee Stock Option (right to buy)F12 | $15.50 | Apr 1, 2015 | M | 3,000 | D | — | Mar 5, 2022 | Common Stock | 3,000 | 42,500 | D |
Explanation of responses
- F1Exercised shares issued to trust.
- F10This sale price represents the weighted average sale price of the shares sold ranging from $143.26 to $144.19 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.
- F11This sale price represents the weighted average sale price of the shares sold ranging from $145.20 to $145.78 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.
- F12One-fourth (1/4) of the shares subject to the option vested on March 6, 2013 and one forty-eighth (1/48) of the shares vest monthly thereafter
- F2Shares held directly by The Warmenhoven 1987 Revocable Trust U/T/D 12/16/1987 for which the Reporting Person serves as trustee.
- F3The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F4This sale price represents the weighted average sale price of the shares sold ranging from $145.62 to $146.52 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 $146.6555 to $147.6299 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 $147.6846 to $147.95 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.
- F7This sale price represents the weighted average sale price of the shares sold ranging from $139.64 to $140.61 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.
- F8This sale price represents the weighted average sale price of the shares sold ranging from $141.05 to $141.95 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.
- F9This sale price represents the weighted average sale price of the shares sold ranging from $142.21 to $143.03 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.