SEC Form 4 · accession 0001596532-18-000168

Arista Networks, Inc. · ANET

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Marc Taxay

Officer — SVP and General Counsel

Period of report

Aug 1, 2018

Accepted (ET)

Aug 3, 2018 · 7:07 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
Common Stock	Aug 1, 2018	M	167	$22.49	A	15,371	D
Common Stock	Aug 1, 2018	M	167	$30.67	A	15,538	D
Common Stock	Aug 1, 2018	M	166	$68.34	A	15,704	D
Common Stock	Aug 1, 2018	M	166	$64.46	A	15,870	D
Common Stock	Aug 1, 2018	M	166	$56.24	A	16,036	D
Common Stock	Aug 1, 2018	M	1,168	$65.01	A	17,204	D
Common Stock^F2	Aug 1, 2018	S	130	$256.6641	D	17,074	D
Common Stock^F3	Aug 1, 2018	S	230	$258.1065	D	16,844	D
Common Stock^F4	Aug 1, 2018	S	260	$258.9677	D	16,584	D
Common Stock^F5	Aug 1, 2018	S	400	$260.3542	D	16,184	D
Common Stock^F6	Aug 1, 2018	S	740	$261.364	D	15,444	D
Common Stock^F7	Aug 1, 2018	S	240	$262.0902	D	15,204	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)^F8	$22.49	Aug 1, 2018	M	167	D	—	Jan 12, 2024	Common Stock	167	3,500	D
Non-Qualified Stock Option (right to buy)^F8	$30.67	Aug 1, 2018	M	167	D	—	Feb 10, 2024	Common Stock	167	3,500	D
Non-Qualified Stock Option (right to buy)^F9	$56.24	Aug 1, 2018	M	166	D	—	Feb 11, 2026	Common Stock	166	7,167	D
Non-Qualified Stock Option (right to buy)^F10	$64.46	Aug 1, 2018	M	166	D	—	Sep 10, 2025	Common Stock	166	6,667	D
Non-Qualified Stock Option (right to buy)^F11	$65.01	Aug 1, 2018	M	1,168	D	—	Apr 7, 2026	Common Stock	1,168	12,499	D
Non-Qualified Stock Option (right to buy)^F12	$68.34	Aug 1, 2018	M	166	D	—	Dec 15, 2024	Common Stock	166	6,667	D

Explanation of responses

F1The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 12, 2017.
F101/5th of the 10,000 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.
F111/60th of the 15,000 shares subject to the option shall vest and become exercisable on April 28, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F121/5th of the 10,000 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.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.45 to $257.02, 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 $257.61 to $258.605, 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.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.74 to $259.43, 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.
F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.87 to $260.70, 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.
F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.93 to $261.91, 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 $261.94 to $262.43, 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 10,000 shares subject to the option shall vest and become exercisable on May 1, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F91/60th of the 10,000 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.