SEC Form 4 · accession 0001596532-17-000042
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
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 8:57 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,F2 | Feb 21, 2017 | M | 1,500 | $0.00 | A | 8,681 | D | |
| Common StockF1 | Feb 21, 2017 | M | 250 | $0.00 | A | 8,931 | D | |
| Common StockF1 | Feb 21, 2017 | M | 600 | $0.00 | A | 9,531 | D | |
| Common StockF3 | Feb 21, 2017 | F | 881 | $122.62 | D | 8,650 | D |
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 | 1,500 | D | — | — | Common Stock | 1,500 | 13,500 | D |
| Restricted Stock Unit-2F1,F5 | $0.00 | Feb 21, 2017 | M | 250 | D | — | — | Common Stock | 250 | 3,750 | D |
| Restricted Stock Unit-3F1,F6 | $0.00 | Feb 21, 2017 | M | 600 | D | — | — | Common Stock | 600 | 9,600 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2Includes 101 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on February 15, 2017.
- F3Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F4Twenty-five percent (25%) of the 24,000 restricted stock units awarded vested on May 20, 2016 and will continue to vest at a rate of six and one-quarter percent (6.25%) 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.
- F5Six and one-quarter percent (6.25%) of the 4,000 restricted stock units awarded vested on February 20, 2017 and will continue to vest at a rate of six and one-quarter percent (6.25%) 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.
- F6Five percent (5%) of the 12,000 restricted stock units awarded vested on May 20, 2016 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.