SEC Form 4 · accession 0001596532-17-000285
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
Nov 22, 2017
Accepted (ET)
Nov 27, 2017 · 8:09 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 22, 2017 | M | 73,102 | $38.00 | A | 73,102 | D | |
| Common StockF1 | Nov 22, 2017 | S | 46,581 | $239.1613 | D | 26,521 | D | |
| Common StockF2 | Nov 22, 2017 | S | 26,521 | $240.045 | D | 0 | D | |
| Common Stock | Nov 24, 2017 | M | 102 | $38.00 | A | 102 | D | |
| Common Stock | Nov 24, 2017 | M | 40,833 | $68.34 | A | 40,935 | D | |
| Common Stock | Nov 24, 2017 | M | 18,333 | $56.24 | A | 59,268 | D | |
| Common StockF3 | Nov 24, 2017 | S | 59,268 | $241.0271 | D | 0 | D | |
| Common StockF4 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5 | $38.00 | Nov 22, 2017 | M | 73,102 | D | — | May 19, 2024 | Common Stock | 73,102 | 391,769 | D |
| Non-Qualified Stock Option (right to buy)F5 | $38.00 | Nov 24, 2017 | M | 102 | D | — | May 19, 2024 | Common Stock | 102 | 391,667 | D |
| Non-Qualified Stock Option (right to buy)F6 | $56.24 | Nov 24, 2017 | M | 18,333 | D | — | Feb 11, 2026 | Common Stock | 18,333 | 81,667 | D |
| Non-Qualified Stock Option (right to buy)F7 | $68.34 | Nov 24, 2017 | M | 40,833 | D | — | Dec 15, 2024 | Common Stock | 40,833 | 29,167 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.80 to $239.55, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.88 to $240.50, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.58 to $241.5608, 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.
- F4These shares are beneficially owned by The Bechtolsheim Family Trust for which Mr. Bechtolsheim is a Trustee
- F51/5th of the 500,000 shares subject to the option vested on September 30, 2017 and 1/60th of the shares subject to the option shall continue to vest each month thereafter.
- F61/5th of the 100,000 shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall continue to vest each month thereafter.
- F71/5th of the 70,000 shares subject to the option vested on December 1, 2015 and 1/60th of the shares subject to the option shall continue to vest each month thereafter.