SEC Form 4 · accession 0001209191-15-070113
Palo Alto Networks Inc · PANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steffan Tomlinson
Officer — Chief Financial Officer
Period of report
Sep 8, 2015
Accepted (ET)
Sep 10, 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 | Sep 8, 2015 | M | 50,000 | $15.50 | A | 147,039 | D | |
| Common StockF2 | Sep 8, 2015 | S | 6,200 | $162.834 | D | 140,839 | D | |
| Common StockF3 | Sep 8, 2015 | S | 14,896 | $163.794 | D | 125,943 | D | |
| Common StockF4 | Sep 8, 2015 | S | 17,404 | $164.629 | D | 108,539 | D | |
| Common StockF5 | Sep 8, 2015 | S | 9,100 | $165.848 | D | 99,439 | D | |
| Common StockF6 | Sep 8, 2015 | S | 2,400 | $166.409 | D | 97,039 | D | |
| Common Stock | Sep 9, 2015 | M | 10,000 | $15.50 | A | 107,039 | D | |
| Common StockF7 | Sep 9, 2015 | S | 1,700 | $165.60 | D | 105,339 | D | |
| Common StockF8 | Sep 9, 2015 | S | 4,199 | $166.65 | D | 101,140 | D | |
| Common StockF9 | Sep 9, 2015 | S | 2,801 | $167.463 | D | 98,339 | D | |
| Common StockF10 | Sep 9, 2015 | S | 1,000 | $168.46 | D | 97,339 | D | |
| Common StockF11 | Sep 9, 2015 | S | 300 | $169.18 | D | 97,039 | 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 | Sep 8, 2015 | M | 50,000 | D | — | Mar 5, 2022 | Common Stock | 50,000 | 67,000 | D |
| Employee Stock Option (right to buy)F12 | $15.50 | Sep 9, 2015 | M | 10,000 | D | — | Mar 5, 2022 | Common Stock | 10,000 | 57,000 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F10This sale price represents the weighted average sale price of the shares sold ranging from $168.10 to $168.94 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 $169.11 to $169.23 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 February 2, 2013, and one forty-eighth (1/48) of the shares vest monthly thereafter, provided that the Reporting Person continues to serve through each vesting date.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $162.23 to $163.22 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 $163.23 to $164.225 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 $164.23 to $165.17 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 $165.28 to $166.27 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 $166.29 to $166.57 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 $165.05 to $165.95 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.
- F8This sale price represents the weighted average sale price of the shares sold ranging from $166.05 to $167.04 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 $167.05 to $168.04 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.