SEC Form 4 · accession 0001596532-18-000205
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
Aug 27, 2018
Accepted (ET)
Aug 28, 2018 · 7:59 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 27, 2018 | M | 667 | $22.49 | A | 4,144 | D | |
| Common Stock | Aug 27, 2018 | M | 16,666 | $38.00 | A | 20,810 | D | |
| Common Stock | Aug 27, 2018 | M | 8,918 | $95.51 | A | 29,728 | D | |
| Common Stock | Aug 27, 2018 | M | 3,333 | $56.24 | A | 33,061 | D | |
| Common Stock | Aug 27, 2018 | M | 2,333 | $68.34 | A | 35,394 | D | |
| Common Stock | Aug 27, 2018 | S | 31,917 | $303.00 | D | 3,477 | D | |
| Common StockF1 | 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)F2 | $22.49 | Aug 27, 2018 | M | 667 | D | — | Jan 12, 2024 | Common Stock | 667 | 13,333 | D |
| Non-Qualified Stock Option (right to buy)F3 | $38.00 | Aug 27, 2018 | M | 16,666 | D | — | May 19, 2024 | Common Stock | 16,666 | 316,667 | D |
| Non-Qualified Stock Option (right to buy)F4 | $56.24 | Aug 27, 2018 | M | 3,333 | D | — | Feb 11, 2026 | Common Stock | 3,333 | 66,667 | D |
| Non-Qualified Stock Option (right to buy)F5 | $68.34 | Aug 27, 2018 | M | 2,333 | D | — | Dec 15, 2024 | Common Stock | 2,333 | 18,667 | D |
| Non-Qualified Stock Option (right to buy)F6 | $95.51 | Aug 27, 2018 | M | 8,918 | D | — | Feb 5, 2027 | Common Stock | 8,918 | 57,750 | D |
Explanation of responses
- F1These shares are beneficially owned by The Bechtolsheim Family Trust for which Mr. Bechtolsheim is a Trustee
- F21/5th of the 20,000 shares subject to the option vested and became exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F31/5th of the 500,000 shares subject to the option vested on September 30, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F41/60th 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.
- F51/5th 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.
- F61/5th of the 82,500 shares subject to the option vested on February 6, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.