SEC Form 4 · accession 0001596532-18-000070
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
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 | Mar 9, 2018 | M | 2,639 | $7.76 | A | 4,053 | D | |
| Common Stock | Mar 9, 2018 | M | 4,667 | $64.46 | A | 8,720 | D | |
| Common Stock | Mar 9, 2018 | S | 7,306 | $298.00 | D | 1,414 | D | |
| Common Stock | Mar 12, 2018 | M | 10,299 | $7.76 | A | 11,713 | D | |
| Common Stock | Mar 12, 2018 | M | 6,000 | $22.49 | A | 17,713 | D | |
| Common Stock | Mar 12, 2018 | M | 12,500 | $68.34 | A | 30,213 | D | |
| Common Stock | Mar 12, 2018 | M | 333 | $64.46 | A | 30,546 | D | |
| Common Stock | Mar 12, 2018 | M | 5,000 | $56.24 | A | 35,546 | D | |
| Common Stock | Mar 12, 2018 | S | 34,132 | $298.00 | D | 1,414 | 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)F2 | $7.76 | Mar 9, 2018 | M | 2,639 | D | — | Apr 18, 2023 | Common Stock | 2,639 | 20,361 | D |
| Non-Qualified Stock Option (right to buy)F2 | $7.76 | Mar 12, 2018 | M | 10,299 | D | — | Apr 18, 2023 | Common Stock | 10,299 | 10,062 | D |
| Non-Qualified Stock Option (right to buy)F3 | $22.49 | Mar 12, 2018 | M | 6,000 | D | — | Jan 12, 2024 | Common Stock | 6,000 | 18,000 | D |
| Non-Qualified Stock Option (right to buy)F4 | $56.24 | Mar 12, 2018 | M | 5,000 | D | — | Feb 11, 2026 | Common Stock | 5,000 | 20,000 | D |
| Non-Qualified Stock Option (right to buy)F5 | $64.46 | Mar 9, 2018 | M | 4,667 | D | — | Sep 10, 2025 | Common Stock | 4,667 | 15,333 | D |
| Non-Qualified Stock Option (right to buy)F5 | $64.46 | Mar 12, 2018 | M | 333 | D | — | Sep 10, 2025 | Common Stock | 333 | 15,000 | D |
| Non-Qualified Stock Option (right to buy)F6 | $68.34 | Mar 12, 2018 | M | 12,500 | D | — | Dec 15, 2024 | Common Stock | 12,500 | 37,500 | D |
| Restricted Stock Unit-4F7,F8 | $0.00 | Mar 9, 2018 | A | 7,000 | A | — | — | Common Stock | 7,000 | 7,000 | D |
Explanation of responses
- F1The exercise and 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.
- F21/4th of the 23,000 shares subject to the option shall vest and become exercisable on December 1, 2016 and 1/48th of the shares subject to the option shall vest monthly thereafter.
- F31/5th of the 24,000 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.
- F41/60th of the 25,000 shares subject to the option shall vest and become exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F51/5th of the 20,000 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.
- F61/5th of the 50,000 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.
- F7Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F8Six 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.