SEC Form 4 · accession 0001596532-17-000036
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 21, 2017
Accepted (ET)
Feb 23, 2017 · 8:54 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 StockF1 | Feb 21, 2017 | M | 2,062 | $0.00 | A | 2,062 | D | |
| Common StockF2 | Feb 21, 2017 | F | 774 | $122.62 | D | 1,288 | D | |
| Common StockF3 | holding | — | — | — | 12,663,121 | 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-1F1,F4 | $0.00 | Feb 21, 2017 | M | 2,062 | D | — | — | Common Stock | 2,062 | 39,188 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3These shares are beneficially owned by The Bechtolsheim Family Trust for which Mr. Bechtolsheim in a Trustee
- F4Five percent (5%) of the 41,250 restricted stock units awarded 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.