SEC Form 4 · accession 0001596532-18-000130
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ita M Brennan
Officer — Senior Vice President, CFO
Period of report
May 21, 2018
Accepted (ET)
May 23, 2018 · 5:57 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 | May 21, 2018 | M | 3,750 | $0.00 | A | 13,874 | D | |
| Common StockF1 | May 21, 2018 | M | 375 | $0.00 | A | 14,249 | D | |
| Common StockF1 | May 21, 2018 | M | 600 | $0.00 | A | 14,849 | D | |
| Common Stock | May 21, 2018 | F | 2,344 | $254.25 | D | 12,505 | D |
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-1F1,F3 | $0.00 | May 21, 2018 | M | 3,750 | D | — | — | Common Stock | 3,750 | 30,000 | D |
| Restricted Stock Unit-2F1,F4 | $0.00 | May 21, 2018 | M | 375 | D | — | — | Common Stock | 375 | 3,750 | D |
| Restricted Stock Unit-3F1,F5 | $0.00 | May 21, 2018 | M | 600 | D | — | — | Common Stock | 600 | 10,800 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3Twenty percent (20%) of the 75,000 restricted stock units awarded vested on May 20, 2016 and will continue to vest at a rate of five percent (5%) each quarter 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 or November 20 of each year.
- F4Six and one-quarter percent (6.25%) of the 6,000 restricted stock units awarded vested on February 20, 2017 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 or November 20 of each year.
- F5Five percent (5%) of the 12,000 restricted stock units awarded will vest on February 20, 2018 and five percent (5%) of the award will continue to 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, or November 20 of each year.