SEC Form 4 · accession 0001596532-17-000027
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anshul Sadana
Officer — Chief Customer Officer
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 7:07 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 | Feb 17, 2017 | S | 40,000 | $111.00 | D | 152,664 | D | |
| Common Stock | Feb 17, 2017 | S | 25,000 | $112.00 | D | 127,664 | D | |
| Common Stock | Feb 21, 2017 | S | 25,000 | $119.50 | D | 102,664 | D | |
| Common Stock | Feb 21, 2017 | M | 625 | $0.00 | A | 103,289 | D | |
| Common Stock | Feb 21, 2017 | M | 750 | $0.00 | A | 104,039 | D | |
| Common StockF2 | Feb 21, 2017 | F | 515 | $122.62 | D | 103,524 | D | |
| Common StockF4 | Feb 17, 2017 | S | 20,000 | $115.00 | D | 21,000 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit-1F5 | $0.00 | Feb 21, 2017 | M | 625 | D | — | — | Common Stock | 625 | 9,375 | D |
| Restricted Stock Unit-2F6 | $0.00 | Feb 21, 2017 | M | 750 | D | — | — | Common Stock | 750 | 14,250 | D |
Explanation of responses
- F1The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 13, 2016.
- F2Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 13, 2016.
- F4These shares are held in a trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F5Six and one-quarter percent (6.25%) of the 10,000 restricted stock units awarded vested on February 20, 2017 and six and one-quarter percent (6.25%) of the award will continue to vest 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 and November 20 of each year.
- F6Five percent (5%) of the 15,000 restricted stock units awarded vested on February 20, 2017 and five percent (5%) of the award will continue to vest 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.