SEC Form 4 · accession 0001209191-18-007408
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
Feb 1, 2018
Accepted (ET)
Feb 5, 2018 · 4:04 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 | Feb 1, 2018 | M | 25,000 | $10.77 | A | 347,610 | D | |
| Common StockF2 | Feb 1, 2018 | S | 8,900 | $157.047 | D | 338,710 | D | |
| Common StockF3 | Feb 1, 2018 | S | 15,996 | $157.955 | D | 322,714 | D | |
| Common StockF4 | Feb 1, 2018 | S | 104 | $158.739 | D | 322,610 | D | |
| Common StockF5,F6 | Feb 1, 2018 | S | 2,500 | $156.834 | D | 42,500 | I | See footnote |
| Common StockF7,F6 | Feb 1, 2018 | S | 7,400 | $158.051 | D | 35,100 | I | See footnote |
| Common StockF6 | Feb 1, 2018 | S | 100 | $158.69 | D | 35,000 | I | See footnote |
| Common StockF8 | 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)F9 | $10.77 | Feb 1, 2018 | M | 25,000 | D | — | Sep 29, 2021 | Common Stock | 25,000 | 664,935 | 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 $156.60 to $157.53 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.
- F3This sale price represents the weighted average sale price of the shares sold ranging from $157.60 to $158.48 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.
- F4This sale price represents the weighted average sale price of the shares sold ranging from $158.72 to $158.74 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.
- F5This sale price represents the weighted average sale price of the shares sold ranging from $156.60 to $157.54 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.
- F6Shares are held by the McLaughlin GRAT II, for which the Reporting Person serves as a trustee.
- F7This sale price represents the weighted average sale price of the shares sold ranging from $157.69 to $158.48 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.
- F8Shares are held by the McLaughlin GRAT I, for which the Reporting Person serves as a trustee.
- F9The shares subject to the option are fully vested and exercisable.