X0306 4 2017-11-27 0 0001327567 Palo Alto Networks Inc PANW 0001554397 BONVANIE RENE C/O PALO ALTO NETWORKS INC. 3000 TANNERY WAY SANTA CLARA CA 95054 0 1 0 0 EVP, Chief Marketing Officer Common Stock 2017-11-27 4 S 0 7596 151.528 D 95584 D Common Stock 2017-11-27 4 S 0 9000 152.091 D 86584 D This sale price represents the weighted average sale price of the shares sold ranging from $150.76 to $151.75 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 $151.77 to $152.44 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. /s/ Jeff True, Attorney-in-Fact for Rene Bonvanie 2017-11-29