SEC Form 4 · accession 0001596532-17-000014
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andreas Bechtolsheim
Officer — Chief Development Officer · Director · 10% Owner
Period of report
Feb 6, 2017
Accepted (ET)
Feb 8, 2017 · 8:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001596532
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $95.51 | Feb 6, 2017 | A | 82,500 | A | — | Feb 5, 2027 | Common Stock | 82,500 | 82,500 | D |
| Restricted Stock Unit-1F2,F3 | $0.00 | Feb 6, 2017 | A | 41,250 | A | — | — | Common Stock | 41,250 | 41,250 | D |
Explanation of responses
- F11/5th of the 82,500 shares subject to the option shall vest on February 6, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F2Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F3Five percent (5%) of the restricted stock units will vest on February 20, 2017 and will continue to vest at the same rate 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.