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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	Disposition	2014-08-15	1,400	$84.10	72,152	No	4	S	Indirect	See footnote
Common Stock	Disposition	2014-08-15	2,200	$85.51	69,952	No	4	S	Indirect	See footnote
Common Stock	Disposition	2014-08-15	2,900	$86.31	67,052	No	4	S	Indirect	See footnote

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	133,230	Direct

Footnotes

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 11, 2013.
This sale price represents the weighted average sale price of the shares sold ranging from $83.77 to $84.5959 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.
This sale price represents the weighted average sale price of the shares sold ranging from $85.0232 to $85.98 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.
This sale price represents the weighted average sale price of the shares sold ranging from $86.07 to $86.69 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.
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.