SEC Form 4 · accession 0001209191-15-086840
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
Dec 21, 2015
Accepted (ET)
Dec 23, 2015 · 4:21 pm EST
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 | Dec 21, 2015 | M | 36,000 | $15.50 | A | 212,716 | D | |
| Common StockF2 | Dec 21, 2015 | S | 12,500 | $178.962 | D | 200,216 | D | |
| Common StockF3,F4 | Dec 21, 2015 | S | 21,949 | $179.706 | D | 178,267 | D | |
| Common StockF5,F6 | Dec 21, 2015 | S | 20,056 | $180.55 | D | 158,211 | D | |
| Common StockF7 | Dec 21, 2015 | S | 3,790 | $181.534 | D | 154,421 | D | |
| Common StockF8 | Dec 21, 2015 | S | 300 | $182.603 | D | 154,121 | 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)F9 | $15.50 | Dec 21, 2015 | M | 36,000 | D | — | Mar 5, 2022 | Common Stock | 36,000 | 21,000 | D |
Explanation of responses
- F1Except where noted, the sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $178.26 to $179.245 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.
- F3Includes 5 shares sold upon vesting of restricted stock units to cover tax withholding obligations.
- F4This sale price represents the weighted average sale price of the shares sold ranging from $179.26 to $180.24 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.
- F5Includes 2,332 shares sold upon vesting of restricted stock units to cover tax withholding obligations.
- F6This sale price represents the weighted average sale price of the shares sold ranging from $180.26 to $181.25 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 $181.27 to $182.20 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 $182.51 to $182.70 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.
- F9One-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.