SEC Form 4 · accession 0001209191-17-056735
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
Oct 10, 2017
Accepted (ET)
Oct 12, 2017 · 4:56 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 | Oct 10, 2017 | M | 25,000 | $10.77 | A | 307,774 | D | |
| Common StockF2 | Oct 10, 2017 | S | 25,000 | $149.703 | D | 282,774 | D | |
| Common StockF2,F3 | Oct 10, 2017 | S | 10,000 | $149.697 | D | 65,000 | I | See footnote |
| Common StockF4 | holding | — | — | — | 125,000 | I | See footnote |
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 | $10.77 | Oct 10, 2017 | M | 25,000 | D | — | Sep 29, 2021 | Common Stock | 25,000 | 744,935 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $149.50 to $150.00 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F3Shares are held by the McLaughlin GRAT II, for which the Reporting Person serves as a trustee.
- F4Shares are held by the McLaughlin GRAT I, for which the Reporting Person serves as a trustee.
- F5The shares subject to the option are fully vested and exercisable.