SEC Form 4 · accession 0001209191-15-071642
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
Sep 17, 2015
Accepted (ET)
Sep 21, 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 Stock | Sep 17, 2015 | M | 15,000 | $10.77 | A | 688,789 | D | |
| Common Stock | Sep 17, 2015 | S | 15,000 | $186.00 | 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)F2 | $10.77 | Sep 17, 2015 | M | 15,000 | D | — | Sep 29, 2021 | Common Stock | 15,000 | 1,144,220 | D |
Explanation of responses
- F1The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2One 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.