SEC Form 4 · accession 0001596532-18-000037

Arista Networks, Inc. · ANET

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Anshul Sadana

Officer — Chief Customer Officer

Period of report

Feb 20, 2018

Accepted (ET)

Feb 22, 2018 · 8:28 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
Common Stock^F1	Feb 20, 2018	M	625	$0.00	A	58,397	D
Common Stock^F1	Feb 20, 2018	M	750	$0.00	A	59,147	D
Common Stock^F1	Feb 20, 2018	M	1,000	$0.00	A	60,147	D
Common Stock	Feb 20, 2018	F	820	$249.65	D	59,327	D
Common Stock^F4	Feb 21, 2018	S	2,908	$238.967	D	56,419	D
Common Stock^F5	Feb 21, 2018	S	2,717	$240.004	D	53,702	D
Common Stock^F6	Feb 21, 2018	S	700	$241.5072	D	53,002	D
Common Stock^F7	Feb 21, 2018	S	1,955	$242.5715	D	51,047	D
Common Stock^F8	Feb 21, 2018	S	1,700	$243.51	D	49,347	D
Common Stock	Feb 21, 2018	S	100	$244.27	D	49,247	D
Common Stock^F9	Feb 21, 2018	S	900	$246.3033	D	48,347	D
Common Stock^F10	Feb 21, 2018	S	2,659	$247.2218	D	45,688	D
Common Stock^F11	Feb 21, 2018	S	224	$248.0686	D	45,464	D
Common Stock^F12	Feb 21, 2018	S	800	$249.3013	D	44,664	D
Common Stock^F13	Feb 21, 2018	S	1,781	$250.2243	D	42,883	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-1^F1,F14	$0.00	Feb 20, 2018	M	625	D	—	—	Common Stock	625	6,875	D
Restricted Stock Unit-2^F1,F15	$0.00	Feb 20, 2018	M	750	D	—	—	Common Stock	750	11,250	D
Restricted Stock Unit-3^F1,F16	$0.00	Feb 20, 2018	M	1,000	D	—	—	Common Stock	1,000	19,000	D

Explanation of responses

F1Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
F10The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.79 to $247.66, 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.
F11The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.89 to $248.09, 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.
F12The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.01 to $249.70, 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.
F13The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.22 to $250.27, 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.
F14Six and one-quarter percent (6.25%) of the 10,000 restricted stock units awarded vested on February 20, 2017 and six and one-quarter percent (6.25%) of the award will continue to vest 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 and November 20 of each year.
F15Five percent (5%) of the 15,000 restricted stock units awarded vested on February 20, 2017 and five percent (5%) of the award will continue to vest 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.
F16Five percent (5%) of the 20,000 restricted stock units awarded will vest on February 20, 2018 and five percent (5%) of the award will continue to vest 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.
F2Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F3The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2017.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.57 to $239.36, 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 $239.61 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.
F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.00 to $241.88, 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 $242.03 to $243.00, 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.
F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $243.20 to $243.90, 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.
F9The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.62 to $246.59, 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.