SEC Form 4 · accession 0001209191-15-038808
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
May 1, 2015
Accepted (ET)
May 5, 2015 · 4:02 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 | May 1, 2015 | M | 3,000 | $15.50 | A | 15,266 | I | See footnote |
| Common StockF4,F2 | May 1, 2015 | S | 600 | $148.847 | D | 14,666 | I | See footnote |
| Common StockF5,F2 | May 1, 2015 | S | 2,000 | $150.186 | D | 12,666 | I | See footnote |
| Common StockF6,F2 | May 1, 2015 | S | 400 | $150.918 | 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)F7 | $15.50 | May 1, 2015 | M | 3,000 | D | — | Mar 5, 2022 | Common Stock | 3,000 | 39,500 | D |
Explanation of responses
- F1Exercised shares issued to trust.
- 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 $148.45 to $149.2315 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 $149.59 to $150.49 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 $150.68 to $151.151 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 March 6, 2013 and one forty-eighth (1/48) of the shares vest monthly thereafter