SEC Form 4 · accession 0001209191-15-052765
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
Jun 10, 2015
Accepted (ET)
Jun 12, 2015 · 4:14 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 | Jun 10, 2015 | M | 95,000 | $10.77 | A | 773,193 | D | |
| Common StockF2 | Jun 10, 2015 | S | 5,050 | $171.548 | D | 768,143 | D | |
| Common StockF3 | Jun 10, 2015 | S | 26,567 | $172.285 | D | 741,576 | D | |
| Common StockF4 | Jun 10, 2015 | S | 9,631 | $173.506 | D | 731,945 | D | |
| Common StockF5 | Jun 10, 2015 | S | 51,582 | $174.467 | D | 680,363 | D | |
| Common StockF6 | Jun 10, 2015 | S | 2,170 | $174.989 | 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)F7 | $10.77 | Jun 10, 2015 | M | 95,000 | D | — | Sep 29, 2021 | Common Stock | 95,000 | 1,264,220 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $170.83 to $171.82 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 $171.85 to $172.81 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 $172.84 to $173.79 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 $173.88 to $174.86 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 $174.88 to $175.09 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 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.