SEC Form 4 · accession 0001596532-18-000126
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F McCool
Officer — Chief Platform Officer
Period of report
May 21, 2018
Accepted (ET)
May 23, 2018 · 5:56 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 StockF1,F2,F3 | May 21, 2018 | M | 9,000 | $0.00 | A | 9,051 | I | by Trust |
| Common StockF3 | May 21, 2018 | F | 3,974 | $254.25 | D | 5,077 | I | by Trust |
| Common StockF6,F3 | May 23, 2018 | S | 4,044 | $251.1492 | D | 1,033 | I | by Trust |
| Common StockF7,F3 | May 23, 2018 | S | 982 | $252.3882 | D | 51 | 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-1F2,F8 | $0.00 | May 21, 2018 | M | 9,000 | D | — | — | Common Stock | 9,000 | 36,000 | D |
Explanation of responses
- F1Includes 51 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on February 15, 2018.
- F2Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F3These shares are held by a family trust for which the reporting person is a co-trustee.
- F4Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F5The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2018.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.69 to $251.64, 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 $251.82 to $252.79, 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.
- F81/5th of the 45,000 restricted stock unit award will vest on May 20, 2018 and 1/20th of the award will 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.