SEC Form 4 · accession 0001596532-18-000154

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 12, 2018

Accepted (ET)

Jun 14, 2018 · 8:13 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 12, 2018	M	14,334	$38.00	A	16,772	D
Common Stock^F1	Jun 12, 2018	S	14,334	$275.1628	D	2,438	D
Common Stock	Jun 13, 2018	M	8,167	$68.34	A	10,605	D
Common Stock	Jun 13, 2018	M	11,667	$56.24	A	22,272	D
Common Stock	Jun 13, 2018	M	15,832	$95.51	A	38,104	D
Common Stock^F2	Jun 13, 2018	S	30,298	$280.0681	D	7,806	D
Common Stock^F3	Jun 13, 2018	S	5,368	$280.807	D	2,438	D
Common Stock^F4	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	$38.00	Jun 12, 2018	M	14,334	D	—	May 19, 2024	Common Stock	14,334	333,333	D
Non-Qualified Stock Option (right to buy)^F6	$56.24	Jun 13, 2018	M	11,667	D	—	Feb 11, 2026	Common Stock	11,667	70,000	D
Non-Qualified Stock Option (right to buy)^F7	$68.34	Jun 13, 2018	M	8,167	D	—	Dec 15, 2024	Common Stock	8,167	21,000	D
Non-Qualified Stock Option (right to buy)^F8	$95.51	Jun 13, 2018	M	15,832	D	—	Feb 5, 2027	Common Stock	15,832	66,668	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 $275.00 to $275.25, 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 $279.80 to $280.285, 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 $280.80 to $280.865, 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 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.
F61/60th of the 100,000 shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall continue to vest each month thereafter.
F71/5th of the 70,000 shares subject to the option vested on December 1, 2015 and 1/60th of the shares subject to the option shall continue to vest each month thereafter.
F81/5th of the 82,500 shares subject to the option shall vest and become exercisable on February 6, 2018 and 1/60th of the shares subject to the option shall vest each month thereafter.