SEC Form 4 · accession 0001209191-15-065927
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
Aug 11, 2015
Accepted (ET)
Aug 13, 2015 · 8:34 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 | Aug 11, 2015 | M | 25,000 | $10.77 | A | 698,789 | D | |
| Common StockF2 | Aug 11, 2015 | S | 2,500 | $171.984 | D | 696,289 | D | |
| Common StockF3 | Aug 11, 2015 | S | 7,000 | $173.463 | D | 689,289 | D | |
| Common StockF4 | Aug 11, 2015 | S | 7,200 | $174.187 | D | 682,089 | D | |
| Common StockF5 | Aug 11, 2015 | S | 3,400 | $175.312 | D | 678,689 | D | |
| Common StockF6 | Aug 11, 2015 | S | 3,500 | $176.353 | D | 675,189 | D | |
| Common StockF7 | Aug 11, 2015 | S | 1,400 | $177.05 | D | 673,789 | 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)F8 | $10.77 | Aug 11, 2015 | M | 25,000 | D | — | Sep 29, 2021 | Common Stock | 25,000 | 1,204,220 | 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 $171.744 to $172.157 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 $172.751 to $173.691 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 $173.76 to $174.66 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 $174.81 to $175.80 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 $175.905 to $176.88 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 $176.94 to $177.28 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
- F8One 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.