SEC Form 4 · accession 0001596532-17-000043
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jayshree Ullal
Officer — President and CEO · Director
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 | 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 | — | — | — | 1,000,000 | I | By Trust for Child 1 | |
| Common StockF3 | holding | — | — | — | 1,000,000 | I | By Trust for Child 2 | |
| Common StockF4 | holding | — | — | — | 25,000 | I | By Trust for Nephew | |
| Common StockF4 | holding | — | — | — | 25,000 | I | By Trust for Niece | |
| Common StockF5 | holding | — | — | — | 3,012,564 | 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,F6 | $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 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.
- F4These shares are held in a trust for the benefit of a relative of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F5These shares are held by a family trust for which the reporting person is a trustee.
- F6Five 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.