SEC Form 4 · accession 0001596532-16-000297
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Stephen Smith
Officer — Sr. VP, Worldwide Sales
Period of report
Aug 15, 2016
Accepted (ET)
Aug 17, 2016 · 8:01 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 | Aug 10, 2016 | G | 5,000 | $0.00 | D | 79,250 | I | by Trust |
| Common StockF1 | Aug 15, 2016 | M | 5,000 | $4.18 | A | 84,250 | I | by Trust |
| Common StockF3,F1 | Aug 15, 2016 | S | 1,200 | $76.2563 | D | 83,050 | I | by Trust |
| Common StockF4,F1 | Aug 15, 2016 | S | 1,000 | $77.037 | D | 82,050 | I | by Trust |
| Common StockF5,F1 | Aug 15, 2016 | S | 2,800 | $78.0121 | D | 79,250 | I | by Trust |
| Common Stock | holding | — | — | — | 1,244 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F6 | $4.18 | Aug 15, 2016 | M | 5,000 | D | — | Dec 26, 2022 | Common Stock | 5,000 | 140,000 | D |
Explanation of responses
- F1These shares are held by a family trust for which the reporting person is a co-trustee.
- F2The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 11, 2016, as amended on June 2, 2016.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.60 to $76.585, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.63 to $77.37, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.65 to $78.29, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F61/5th of the shares subject to the option shall vest and become exercisable on December 3, 2013 and 1/60th of the shares subject to the option shall vest each month thereafter.