SEC Form 4 · accession 0001596532-17-000025
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Stephen Smith
Other
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 8:55 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 StockF2 | Feb 15, 2017 | M | 5,000 | $4.18 | A | 68,100 | I | by Trust |
| Common StockF3,F2 | Feb 15, 2017 | S | 3,752 | $100.4348 | D | 64,348 | I | by Trust |
| Common StockF4,F2 | Feb 15, 2017 | S | 1,248 | $101.0192 | D | 63,100 | I | by Trust |
| Common Stock | holding | — | — | — | 1,620 | 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,F5 | $4.18 | Feb 15, 2017 | M | 5,000 | D | — | Dec 26, 2022 | Common Stock | 5,000 | 75,000 | 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 March 11, 2016, and amended on June 2, 2016.
- F2These shares are held by a family trust for which the reporting person is a co-trustee.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.79 to $100.78, 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 $100.79 to $101.25, 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.
- F51/5th 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.
- F6Number of shares beneficially owned reflects the cancellation of 50,000 non-qualified stock options due to termination of reporting officer.