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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
1554371	Venky Ganesan	C/O Palo Alto Networks Inc. 3300 Olcott Street Santa Clara CA 95054		Yes	No	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	Disposition	2012-10-23	0	$0.00	0	No	4	S	Indirect	See footnote

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

Footnotes

Globespan Capital Partners V, L.P. (the "Fund") participated in a secondary offering by the Issuer (the closing of which occurred on October 23, 2012) in which the Fund sold 1,500,000 of the 4,917,543 shares of Common Stock of the Issuer held by the Fund prior to such sale, at a price to the public of $63.00 per share (before underwriting discounts and associated expenses of the offering). After giving effect to such sale, the Fund holds 3,417,543 shares of Common Stock of the Issuer. Globespan Management Associates V, L.P. is the sole general partner (the "General Partner") of the Fund, and Globespan Management Associates V, LLC is the sole general partner of the General Partner.
The reporting person is a limited partner of the General Partner and a Managing Director of the management company of the Fund. The reporting person disclaims beneficial ownership of the shares held by the Fund and this report shall not be deemed an admission that such reporting person is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of his limited partnership interest in the General Partner.