SEC Form 4 · accession 0001596532-18-000195
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
Aug 20, 2018
Accepted (ET)
Aug 22, 2018 · 9:21 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 | Aug 20, 2018 | M | 2,250 | $0.00 | A | 2,302 | I | by Trust |
| Common StockF3 | Aug 20, 2018 | M | 84 | $132.75 | A | 2,386 | I | by Trust |
| Common StockF3 | Aug 20, 2018 | S | 84 | $269.55 | D | 2,302 | I | by Trust |
| Common StockF3 | Aug 20, 2018 | F | 1,116 | $273.72 | D | 1,186 | I | by Trust |
| Common StockF6,F3 | Aug 21, 2018 | S | 700 | $275.2586 | D | 486 | I | by Trust |
| Common StockF7,F3 | Aug 21, 2018 | S | 334 | $276.2351 | D | 152 | I | by Trust |
| Common StockF3 | Aug 21, 2018 | S | 100 | $277.00 | D | 52 | 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)F8 | $132.75 | Aug 20, 2018 | M | 84 | D | — | Apr 16, 2027 | Common Stock | 84 | 3,583 | D |
| Restricted Stock Unit-1F1,F9 | $0.00 | Aug 20, 2018 | M | 2,250 | D | — | — | Common Stock | 2,250 | 33,750 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2Includes 52 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on August 15, 2018.
- F3These shares are held by a family trust for which the reporting person is a co-trustee.
- F4The exercise and 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.
- F5Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.88 to $275.45, 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 $275.98 to $276.45, 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 5,000 shares subject to the option shall vest and become exercisable on March 20, 2018 and 1/60th of the shares subject to the option shall vest each month thereafter.
- F91/5th of the 45,000 restricted stock unit award vested 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.