SEC Form 4 · accession 0001596532-16-000337
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Taxay
Officer — SVP and General Counsel
Period of report
Nov 8, 2016
Accepted (ET)
Nov 10, 2016 · 4:36 pm EST
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 | Nov 8, 2016 | M | 10,000 | $7.76 | A | 16,075 | D | |
| Common StockF2 | Nov 8, 2016 | S | 700 | $85.0843 | D | 15,375 | D | |
| Common StockF3 | Nov 8, 2016 | S | 1,300 | $85.9215 | D | 14,075 | D | |
| Common StockF4 | Nov 8, 2016 | S | 8,000 | $85.174 | D | 6,075 | 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)F5 | $7.76 | Nov 8, 2016 | M | 10,000 | D | — | Mar 10, 2023 | Common Stock | 10,000 | 20,000 | D |
Explanation of responses
- F1The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 13, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.63 to $85.42, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.64 to $86.53, 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 $85.00 to $85.95, 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.
- F51/4th of the 36,000 shares subject to the option shall vest and become exercisable on February 19, 2014 and 1/48th of the shares subject to the option shall vest each month thereafter, provided that the reporting person continues to be a service provider to the Issuer as of each vesting date.