SEC Form 4 · accession 0001209191-16-141784
Palo Alto Networks Inc · PANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Warmenhoven
Director
Period of report
Sep 14, 2016
Accepted (ET)
Sep 16, 2016 · 4:26 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 StockF1,F2,F3 | Sep 14, 2016 | M | 1,950 | $15.50 | A | 22,306 | I | See footnote |
| Common StockF3 | Sep 14, 2016 | S | 1,950 | $150.00 | D | 20,356 | I | See footnote |
| Common StockF2 | holding | — | — | — | 530 | 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)F5 | $15.50 | Sep 14, 2016 | M | 1,950 | D | — | Mar 5, 2022 | Common Stock | 1,950 | 17,550 | D |
Explanation of responses
- F1Exercised shares issued to trust.
- F2Ownership restated to include transfers of shares from the Reporting Person to The Warmenhoven 1987 Revocable Trust U/T/D 12/16/1987.
- F3Shares held directly by The Warmenhoven 1987 Revocable Trust U/T/D 12/16/1987 for which the Reporting Person serves as trustee.
- F4The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F5The shares subject to the option are fully vested and exercisable.