SEC Form 4 · accession 0001209191-16-146768
Palo Alto Networks Inc · PANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nir Zuk
Officer — CTO · Director
Period of report
Oct 20, 2016
Accepted (ET)
Oct 24, 2016 · 4:53 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 | Oct 20, 2016 | A | 12,960 | $0.00 | A | 1,881,468 | D | |
| Common StockF2 | Oct 20, 2016 | A | 12,960 | $0.00 | A | 1,894,428 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1One-eighth (1/8) of the shares shall vest on the one year anniversary of the Vesting Commencement Date; one-eighth (1/8) of the shares shall vest in equal increments each quarter in year 2; and the remaining shares shall vest in equal increments each quarter in years 3 and 4, subject to the Reporting Person continuing to be a Service Provider through each vesting date.
- F2The number of shares reported is at the target award amount. The Reporting Person may potentially earn from 0% to 120% of the target based on the achievement, if any, of the performance criteria at the end of the performance period. The actual award earned shall be determined upon certification by the Issuer's Compensation Committee. If earned, shares would vest according to the vesting schedule set forth above in footnote (1).