SEC Form 4 · accession 0001596532-18-000069
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jayshree Ullal
Officer — President and CEO · Director
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 StockF2,F3 | Mar 9, 2018 | S | 300 | $297.7767 | D | 2,317,264 | I | by Trust |
| Common StockF4,F3 | Mar 12, 2018 | S | 1,154 | $298.0788 | D | 2,316,110 | I | by Trust |
| Common StockF5,F3 | Mar 12, 2018 | S | 1,424 | $299.4836 | D | 2,314,686 | I | by Trust |
| Common StockF6,F3 | Mar 12, 2018 | S | 1,835 | $300.2488 | D | 2,312,851 | I | by Trust |
| Common StockF7,F3 | Mar 12, 2018 | S | 200 | $300.95 | D | 2,312,651 | I | by Trust |
| Common StockF8,F3 | Mar 13, 2018 | S | 20 | $298.035 | D | 2,312,631 | I | by Trust |
| Common Stock | holding | — | — | — | 5,900 | D | ||
| Common StockF9 | holding | — | — | — | 709,500 | I | By Trust for Child 1 | |
| Common StockF9 | holding | — | — | — | 709,500 | I | By Trust for Child 2 | |
| Common StockF10 | holding | — | — | — | 5,000 | I | By Trust for Nephew | |
| Common StockF10 | holding | — | — | — | 5,000 | I | By Trust for Niece |
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-2F11,F12 | $0.00 | Mar 9, 2018 | A | 20,000 | A | — | — | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2017.
- F10These shares are held in a trust for the benefit of a relative of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F11Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F12Six 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.77 to $297.79, 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.
- F3These shares are held by a family trust for which the reporting person is a trustee.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.77 to $298.66, 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.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.82 to $299.81, 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 $299.83 to $300.80 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.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.92 to $300.98 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 $297.77 to $298.30, 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.
- F9These 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.