SEC Form 4 · accession 0001596532-18-000150
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andreas Bechtolsheim
Officer — Chief Development Officer · Director · 10% Owner
Period of report
Jun 6, 2018
Accepted (ET)
Jun 8, 2018 · 5:47 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 | Jun 6, 2018 | M | 6,000 | $22.49 | A | 8,438 | D | |
| Common Stock | Jun 6, 2018 | M | 44,000 | $38.00 | A | 52,438 | D | |
| Common StockF1 | Jun 6, 2018 | S | 9,118 | $277.1416 | D | 43,320 | D | |
| Common StockF2 | Jun 6, 2018 | S | 21,172 | $278.4222 | D | 22,148 | D | |
| Common StockF3 | Jun 6, 2018 | S | 19,710 | $279.163 | D | 2,438 | D | |
| Common StockF4 | holding | — | — | — | 12,663,121 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5 | $22.49 | Jun 6, 2018 | M | 6,000 | D | — | Jan 12, 2024 | Common Stock | 6,000 | 14,000 | D |
| Non-Qualified Stock Option (right to buy)F6 | $38.00 | Jun 6, 2018 | M | 44,000 | D | — | May 19, 2024 | Common Stock | 44,000 | 347,667 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.90 to $277.795, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.90 to $278.75, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.9792 to $279.7601, 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.
- F4These shares are beneficially owned by The Bechtolsheim Family Trust for which Mr. Bechtolsheim is a Trustee
- 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 500,000 shares subject to the option shall vest on September 30, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.