SEC Form 4 · accession 0001209191-16-125983
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
Jun 2, 2016
Accepted (ET)
Jun 6, 2016 · 4:02 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 | Jun 2, 2016 | M | 35,000 | $10.77 | A | 633,130 | D | |
| Common Stock | Jun 2, 2016 | S | 35,000 | $140.00 | D | 598,130 | D | |
| Common Stock | Jun 2, 2016 | S | 26,423 | $136.356 | D | 571,707 | 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)F3 | $10.77 | Jun 2, 2016 | M | 35,000 | D | — | Sep 29, 2021 | Common Stock | 35,000 | 839,935 | D |
Explanation of responses
- F1The sale reported on this line was effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person.
- F2The sale reported on this line was in connection with the vesting of restricted stock units to cover tax withholding obligations.
- F3The shares subject to the option are fully vested and exercisable.