SEC Form 4 · accession 0001209191-16-110199
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
Mar 21, 2016
Accepted (ET)
Mar 23, 2016 · 4:07 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 | Mar 21, 2016 | M | 21,000 | $15.50 | A | 171,843 | D | |
| Common Stock | Mar 21, 2016 | M | 15,000 | $55.36 | A | 186,843 | D | |
| Common StockF2 | Mar 21, 2016 | S | 7,400 | $153.675 | D | 179,443 | D | |
| Common StockF3,F4 | Mar 21, 2016 | S | 28,508 | $154.796 | D | 150,935 | D | |
| Common StockF5 | Mar 21, 2016 | S | 10,020 | $155.538 | D | 140,915 | D | |
| Common StockF6 | Mar 21, 2016 | S | 100 | $156.45 | D | 140,950 | 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 | $15.50 | Mar 21, 2016 | M | 21,000 | D | — | Mar 5, 2022 | Common Stock | 21,000 | 0 | D |
| Employee Stock Option (right to buy)F7 | $55.36 | Mar 21, 2016 | M | 15,000 | D | — | Jan 20, 2023 | Common Stock | 15,000 | 0 | 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 $153.20 to $154.09 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.
- F3Includes 2,116 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 $154.21 to $155.20 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.
- F5This sale price represents the weighted average sale price of the shares sold ranging from $155.21 to $156.13 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.
- F6Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.
- F7The shares subject to the option were fully vested and exercisable.