SEC Form 4 · accession 0001209191-15-042220
Palo Alto Networks Inc · PANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D McLaughlin
Officer — President & CEO · Director
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 4:01 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 | May 11, 2015 | M | 25,000 | $10.77 | A | 703,193 | D | |
| Common StockF3 | May 11, 2015 | S | 22,171 | $152.339 | D | 681,022 | D | |
| Common StockF4 | May 11, 2015 | S | 2,829 | $152.783 | D | 678,193 | 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)F5 | $10.77 | May 11, 2015 | M | 25,000 | D | — | Sep 29, 2021 | Common Stock | 25,000 | 1,359,220 | D |
Explanation of responses
- F1Includes shares acquired by the Reporting Person on March 16, 2015 pursuant to the Issuer's Employee Stock Purchase Plan.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3This sale price represents the weighted average sale price of the shares sold ranging from $151.70 to $152.69 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 $152.70 to $152.89 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.
- F5One forty-eighth (1/48) of the shares subject to the option vest monthly, provided that the Reporting Person continues to serve through each vesting date.