PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

VIRGINIA RETIREMENT SYSTEMS ET AL's Holding History (CIK: 0001005354)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 1,512 Value ($000) $266 Avg Close $28.85 Range $25.04 - $32.45

Q3 2015

Shares 1,498 Value ($000) $258 Avg Close $29.50 Range $23.40 - $33.42

Q2 2015

Shares 1,427 Value ($000) $249 Avg Close $26.69 Range $23.26 - $30.83

Q1 2015

Shares 1,426 Value ($000) $208 Avg Close $22.39 Range $19.60 - $25.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	1,512	$266	$28.85	$25.04 - $32.45
Q3 2015	1,498	$258	$29.50	$23.40 - $33.42
Q2 2015	1,427	$249	$26.69	$23.26 - $30.83
Q1 2015	1,426	$208	$22.39	$19.60 - $25.07