SEC Form 4 · accession 0001596532-18-000068
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Duda
Officer — CTO and SVP Software Eng.
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 8:58 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 Stock | Feb 28, 2018 | G | 230 | $0.00 | D | 834 | D | |
| Common StockF1 | Feb 28, 2018 | G | 230 | $0.00 | A | 470 | I | By Childrens' Trust |
| Common StockF2 | holding | — | — | — | 110,000 | I | By GRAT JD | |
| Common StockF3 | holding | — | — | — | 110,000 | I | By GRAT KD | |
| Common StockF4 | holding | — | — | — | 889,568 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit-3F5,F6 | $0.00 | Mar 9, 2018 | A | 6,000 | A | — | — | Common Stock | 6,000 | 6,000 | D |
Explanation of responses
- F1These shares are held in a trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F2Reporting persons spouse is the trustee of the Jennifer Duda 2017 Annuity Trust.
- F3Reporting person is the trustee of the Kenneth Duda 2017 Annuity Trust.
- F4These shares are held by a family trust for which the reporting person is a trustee.
- F5Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F6Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on May 20, 2019 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, and November 20 of each year.