SEC Form 4 · accession 0001596532-18-000054

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

Mar 1, 2018

Accepted (ET)

Mar 5, 2018 · 9:54 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	Mar 1, 2018	M	1,166	$64.46	A	14,884	D
Common Stock	Mar 1, 2018	M	167	$22.49	A	15,051	D
Common Stock	Mar 1, 2018	M	167	$30.67	A	15,218	D
Common Stock^F2	Mar 1, 2018	M	500	$68.34	A	15,718	D
Common Stock	Mar 1, 2018	S	100	$263.59	D	15,618	D
Common Stock^F3	Mar 1, 2018	S	800	$267.7025	D	14,818	D
Common Stock^F4	Mar 1, 2018	S	300	$266.1433	D	14,518	D
Common Stock	Mar 1, 2018	S	100	$270.75	D	14,418	D
Common Stock	Mar 1, 2018	S	100	$272.40	D	14,318	D
Common Stock	Mar 1, 2018	S	100	$269.40	D	14,218	D
Common Stock^F5	Mar 1, 2018	S	200	$265.40	D	14,018	D
Common Stock	Mar 1, 2018	S	300	$268.5433	D	13,718	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)^F6	$22.49	Mar 1, 2018	M	167	D	May 1, 2016	Jan 12, 2024	Common Stock	167	4,333	D
Non-Qualified Stock Option (right to buy)^F6	$30.67	Mar 1, 2018	M	167	D	May 1, 2016	Feb 10, 2024	Common Stock	167	4,333	D
Non-Qualified Stock Option (right to buy)^F7	$64.46	Mar 1, 2018	M	1,166	D	Dec 1, 2017	Sep 10, 2025	Common Stock	1,166	8,834	D
Non-Qualified Stock Option (right to buy)^F8	$68.34	Mar 1, 2018	M	500	D	May 1, 2016	Dec 15, 2024	Common Stock	500	7,500	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.
F2The 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.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $267.17 to $268.11, 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 $266.05 to $266.25, 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 $265.00 to 265.80 , 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.
F61/5th 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.
F71/5th of the 10,000 shares subject to the option shall vest and become exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F81/5th of the 10,000 shares subject to the option shall vest and become exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.