SEC Form 4 · accession 0001209191-16-138656
Palo Alto Networks Inc · PANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D McLaughlin
Officer — Chief Executive Officer · Director
Period of report
Aug 23, 2016
Accepted (ET)
Aug 25, 2016 · 4:43 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 | Aug 23, 2016 | M | 70,000 | $10.77 | A | 667,303 | D | |
| Common Stock | Aug 23, 2016 | S | 70,000 | $140.00 | D | 567,303 | 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 | Aug 23, 2016 | M | 70,000 | D | — | Sep 29, 2021 | Common Stock | 70,000 | 769,935 | D |
Explanation of responses
- F1The sale reported on this line was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2The shares subject to the option are fully vested and exercisable.