SEC Form 4 · accession 0001209191-17-051815
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
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 9:09 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 StockF2 | Sep 1, 2017 | F | 26,090 | $146.67 | D | 282,774 | D | |
| Common StockF3 | holding | — | — | — | 125,000 | I | See footnote | |
| Common StockF4 | holding | — | — | — | 75,000 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units (RSUs).
- F2Reflects the Reporting Person's contributions of shares to The Mark D. McLaughlin 2017 Annuity Trust ("McLaughlin GRAT I") and The Mark D. McLaughlin 2017 Annuity Trust II ("McLaughlin GRAT II").
- F3Shares are held by the McLaughlin GRAT I, for which the Reporting Person serves as a trustee.
- F4Shares are held by the McLaughlin GRAT II, for which the Reporting Person serves as a trustee.