SEC Form 4 · accession 0001596532-16-000263
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ita M Brennan
Officer — Senior Vice President, CFO
Period of report
May 20, 2016
Accepted (ET)
May 24, 2016 · 9:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001596532
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 20, 2016 | M | 15,000 | $0.00 | A | 15,000 | D | |
| Common StockF2 | May 20, 2016 | F | 6,057 | $70.12 | D | 8,943 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | $0.00 | May 20, 2016 | M | 15,000 | D | — | — | Common Stock | 15,000 | 66,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock
- F2Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3The reporting person was granted 75,000 restricted stock units on June 16, 2015. Twenty percent (20%) of the shares vested on May 20, 2016 and will continue to vest every quarter at a rate of five percent (5%) on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20 or November 20 of each year.