SEC Form 4 · accession 0001209191-17-062817
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
Nov 28, 2017
Accepted (ET)
Nov 29, 2017 · 4:05 pm EST
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 | Nov 28, 2017 | M | 25,000 | $10.77 | A | 374,919 | D | |
| Common Stock | Nov 28, 2017 | S | 25,000 | $149.845 | D | 349,919 | D | |
| Common StockF2 | Nov 28, 2017 | S | 10,000 | $149.845 | D | 55,000 | I | See footnote |
| Common StockF3 | 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)F4 | $10.77 | Nov 28, 2017 | M | 25,000 | D | — | Sep 29, 2021 | Common Stock | 25,000 | 719,935 | 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.
- F2Shares are held by the McLaughlin GRAT II, for which the Reporting Person serves as a trustee.
- F3Shares are held by the McLaughlin GRAT I, for which the Reporting Person serves as a trustee.
- F4The shares subject to the option are fully vested and exercisable.