SEC Form 4 · accession 0001596532-18-000199
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anshul Sadana
Officer — Chief Customer Officer
Period of report
Aug 20, 2018
Accepted (ET)
Aug 22, 2018 · 9:24 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 | Aug 20, 2018 | S | 1,197 | $269.55 | D | 1,414 | D | |
| Common StockF2 | Aug 20, 2018 | M | 625 | $0.00 | A | 2,039 | D | |
| Common StockF2 | Aug 20, 2018 | M | 750 | $0.00 | A | 2,789 | D | |
| Common StockF2 | Aug 20, 2018 | M | 1,000 | $0.00 | A | 3,789 | D | |
| Common Stock | Aug 20, 2018 | F | 1,178 | $273.72 | D | 2,611 | D | |
| Common StockF4 | Aug 21, 2018 | S | 800 | $275.2663 | D | 1,811 | D | |
| Common StockF5 | Aug 21, 2018 | S | 397 | $276.3796 | D | 1,414 | 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-1F2,F6 | $0.00 | Aug 20, 2018 | M | 625 | D | — | — | Common Stock | 625 | 5,625 | D |
| Restricted Stock Unit-2F2,F7 | $0.00 | Aug 20, 2018 | M | 750 | D | — | — | Common Stock | 750 | 9,750 | D |
| Restricted Stock Unit-3F2,F8 | $0.00 | Aug 20, 2018 | M | 1,000 | D | — | — | Common Stock | 1,000 | 17,000 | D |
Explanation of responses
- F1The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2017.
- F2Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F3Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.89 to $275.52, 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 $276.10 to $276.86, 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.
- F6Six and one-quarter percent (6.25%) of the 10,000 restricted stock units awarded vested on February 20, 2017 and six and one-quarter percent (6.25%) 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 and November 20 of each year.
- F7Five percent (5%) of the 15,000 restricted stock units awarded vested on February 20, 2017 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.
- F8Five percent (5%) of the 20,000 restricted stock units awarded vested 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.