SEC Form 4 · accession 0001209191-18-051432
Palo Alto Networks Inc · PANW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D McLaughlin
Director
Period of report
Sep 14, 2018
Accepted (ET)
Sep 18, 2018 · 4:09 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 StockF1 | Sep 14, 2018 | M | 40,000 | $10.77 | A | 371,097 | D | |
| Common StockF3 | Sep 14, 2018 | S | 13,015 | $234.163 | D | 358,082 | D | |
| Common StockF4 | Sep 14, 2018 | S | 10,958 | $235.236 | D | 347,124 | D | |
| Common StockF5 | Sep 14, 2018 | S | 15,527 | $236.093 | D | 331,597 | D | |
| Common StockF6 | Sep 14, 2018 | S | 500 | $237.248 | D | 331,097 | D | |
| Common StockF7 | holding | — | — | — | 51,911 | 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)F8 | $10.77 | Sep 14, 2018 | M | 40,000 | D | — | Sep 29, 2021 | Common Stock | 40,000 | 478,024 | D |
Explanation of responses
- F1Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3This sale price represents the weighted average sale price of the shares sold ranging from $233.65 to $234.61 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 $234.70 to $235.69 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 $235.70 to $236.63 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.
- F6This sale price represents the weighted average sale price of the shares sold ranging from $236.90 to $237.48 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.
- F7Shares are held by The Mark D. McLaughlin 2017 Annuity Trust ("McLaughlin GRAT I"), for which the Reporting Person serves as a trustee.
- F8The shares subject to the option are fully vested and exercisable.