SEC Form 4 · accession 0001596532-16-000325
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 5, 2015
Accepted (ET)
Oct 19, 2016 · 8:20 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 Stock | Aug 15, 2016 | A | 376 | $36.55 | A | 1,620 | D | |
| Common StockF3,F4 | Aug 5, 2015 | S | 1,150 | $84.723 | D | 78,100 | I | by Trust |
| Common StockF4 | Sep 15, 2016 | M | 5,000 | $4.18 | A | 83,100 | I | by Trust |
| Common StockF6,F4 | Sep 15, 2016 | S | 1,109 | $82.9204 | D | 81,991 | I | by Trust |
| Common StockF7,F4 | Sep 15, 2016 | S | 3,891 | $84.1604 | D | 78,100 | I | by Trust |
| Common StockF4 | Oct 17, 2016 | M | 5,000 | $4.18 | A | 83,100 | I | by Trust |
| Common StockF8,F4 | Oct 17, 2016 | S | 5,000 | $80.6525 | D | 78,100 | I | by Trust |
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)F9 | $4.18 | Sep 15, 2016 | M | 5,000 | D | — | Dec 26, 2022 | Common Stock | 5,000 | 135,000 | D |
| Non-Qualified Stock Option (right to buy)F9 | $4.18 | Oct 17, 2016 | M | 5,000 | D | — | Dec 26, 2022 | Common Stock | 5,000 | 130,000 | D |
Explanation of responses
- F1These shares were acquired under the Arista Networks Employee Stock Purchase Plan in transactions that were exempt under Rule 16b-3(c).
- F2The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on December 8, 2014.
- F3Due to system limitations, the number of shares being reported in column 5 reflects the number of shares beneficially owned as of the transaction date, however, to properly reflect a running tally of shares beneficially owned, this number should be 78,100.
- F4These shares are held by a family trust for which the reporting person is a trustee.
- F5The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 11, 2016, and amended on June 2, 2016.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.60 to $83.59, 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.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.66 to $84.62, 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.
- F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.05 to $81.02, 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.
- F91/5th of the 300,000 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.