SEC Form 4 · accession 0001596532-17-000224
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ita M Brennan
Officer — Senior Vice President, CFO
Period of report
Aug 21, 2017
Accepted (ET)
Aug 23, 2017 · 8:25 pm EDT
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 | Aug 21, 2017 | M | 3,750 | $0.00 | A | 21,079 | D | |
| Common StockF1 | Aug 21, 2017 | M | 375 | $0.00 | A | 21,454 | D | |
| Common Stock | Aug 21, 2017 | F | 2,151 | $172.01 | D | 19,303 | D | |
| Common Stock | Aug 22, 2017 | M | 5,000 | $84.97 | A | 24,303 | D | |
| Common Stock | Aug 22, 2017 | S | 5,000 | $175.00 | D | 19,303 | 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)F4 | $84.97 | Aug 22, 2017 | M | 5,000 | D | — | Jun 15, 2025 | Common Stock | 5,000 | 20,000 | D |
| Restricted Stock Unit-1F1,F5 | $0.00 | Aug 21, 2017 | M | 3,750 | D | — | — | Common Stock | 3,750 | 41,250 | D |
| Restricted Stock Unit-2F1,F6 | $0.00 | Aug 21, 2017 | M | 375 | D | — | — | Common Stock | 375 | 4,875 | 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.
- F3The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on June 12, 2017.
- F41/5th of the 25,000 shares subject to the option shall vest and become exercisable on the May 15, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F5Twenty percent (20%) of the 75,000 restricted stock units awarded vested on May 20, 2016 and will continue to vest at a rate of five percent (5%) each quarter 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.
- F6Six and one-quarter percent (6.25%) of the 6,000 restricted stock units awarded vested 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.