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Palo Alto Networks's President & CEO just cashed-in 35,000 options

Mark D Mclaughlin, Palo Alto Networks's President & CEO and a director of the company, recently cashed-in 35,000 options. The options were exercised at $10.77, while the disposals took place between $159.54 and $161.28 per share, on April 01, 2016. Mclaughlin continues to hold 598,130 shares of the company. Mclaughlin operates out of Santa Clara, CA. Some additional info was provided as follows:

The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person. This sale price represents the weighted average sale price of the shares sold ranging from $159.02 to $160.00 per share. Upon request by the Commission...