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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1327567	Palo Alto Networks Inc	PANW	Computer Peripheral Equipment, Nec (3577)	202530195

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1603784	(Wilson) Haoying Xu	C/O Palo Alto Networks, Inc. 4401 Great America Pkwy Santa Clara CA 95054	Svp, Engineering	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-04-20	20,000	$0.00	133,988	No	4	A	Direct
Common Stock	Disposition	2014-04-22	380	$67.80	133,608	No	4	S	Direct
Common Stock	Acquisiton	2014-04-21	8,348	$0.64	87,348	No	4	M	Indirect	See footnote
Common Stock	Acquisiton	2014-04-21	5,704	$3.62	93,052	No	4	M	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	S	Direct
No	4	M	Indirect	See footnote
No	4	M	Indirect	See footnote

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2014-04-21	8,348	$0.00	8,348	$0.64
Common Stock	Employee Stock Option (right to buy)	Disposition	2014-04-21	5,704	$0.00	5,704	$3.62

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2020-01-08	No	4	M	Direct
9,448	2011-12-10	2020-12-10	No	4	M	Direct

Footnotes

Each restricted stock unit represents a contingent right to receive one share of PANW common stock. One-third of the restricted stock units will vest on April 20, 2015 and the remaining restricted stock units will vest quarterly thereafter in equal increments over the next two years.
Represents the number of shares sold upon vesting of restricted stock awards to cover tax withholding obligations.
This sale price represents the weighted average sale price of the shares sold ranging from $67.51 to $67.80 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.
Exercised shares issued to trust.
The reported securities are held of record by the Xu/Chen Family Trust U/A DTD 06/18/2013, for which the Reporting Person and his spouse serve as co-trustees.
The shares subject to the option were fully vested and exercisable.
One-fourth (1/4) of the shares subject to the option vested on the first anniversary of the grant date and one forty-eighth (1/48) of the shares vest monthly thereafter, provided that the Reporting Person continues to serve through each vesting date.