SEC Form 4 · accession 0001596532-17-000254
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
Nov 7, 2017
Accepted (ET)
Nov 9, 2017 · 5:53 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 | Nov 7, 2017 | M | 5,000 | $30.67 | A | 16,002 | D | |
| Common Stock | Nov 7, 2017 | M | 1,291 | $22.49 | A | 17,293 | D | |
| Common Stock | Nov 7, 2017 | M | 709 | $7.76 | A | 18,002 | D | |
| Common StockF2 | Nov 7, 2017 | S | 700 | $207.1157 | D | 17,302 | D | |
| Common StockF3 | Nov 7, 2017 | S | 400 | $208.55 | D | 16,902 | D | |
| Common StockF4 | Nov 7, 2017 | S | 546 | $209.4739 | D | 16,356 | D | |
| Common StockF5 | Nov 7, 2017 | S | 400 | $210.6575 | D | 15,956 | D | |
| Common StockF6 | Nov 7, 2017 | S | 2,854 | $212.0286 | D | 13,102 | D | |
| Common StockF7 | Nov 7, 2017 | S | 1,700 | $212.9265 | D | 11,402 | D | |
| Common StockF8 | Nov 7, 2017 | S | 300 | $213.7433 | D | 11,102 | D | |
| Common Stock | Nov 7, 2017 | S | 100 | $214.70 | D | 11,002 | 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)F9 | $7.76 | Nov 7, 2017 | M | 709 | D | — | Apr 18, 2023 | Common Stock | 709 | 208 | D |
| Non-Qualified Stock Option (right to buy)F10 | $22.49 | Nov 7, 2017 | M | 1,291 | D | — | Jan 12, 2024 | Common Stock | 1,291 | 7,792 | D |
| Non-Qualified Stock Option (right to buy)F10 | $30.67 | Nov 7, 2017 | M | 5,000 | D | — | Feb 10, 2024 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 12, 2017.
- F101/5th of the 10,000 shares subject to the option shall vest and become exercisable on May 1, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $206.82 to $207.55, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.04 to $208.99, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $209.19 to $210.04, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.42 to $211.00, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.51 to $212.48, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.52 to $213.50, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.55 to $213.90, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F91/4th of the 10,000 shares subject to the option shall vest and become exercisable on December 1, 2014 and 1/48th of the shares subject to the option shall vest each month thereafter.