SEC Form 4 · accession 0001596532-18-000206
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ita M Brennan
Officer — Senior Vice President, CFO
Period of report
Aug 24, 2018
Accepted (ET)
Aug 28, 2018 · 8:00 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 24, 2018 | M | 5,000 | $84.97 | A | 19,886 | D | |
| Common StockF2 | Aug 24, 2018 | S | 300 | $301.13 | D | 19,586 | D | |
| Common StockF3 | Aug 24, 2018 | S | 4,700 | $300.2498 | D | 14,886 | 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)F4 | $84.97 | Aug 24, 2018 | M | 5,000 | D | May 18, 2016 | Jun 15, 2025 | Common Stock | 5,000 | 15,000 | 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 June 11, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.08 to $301.18, 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 $300.00 to $300.91, 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.
- F41/5th of the 25,000 shares subject to the option vested and became exercisable on the May 18, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.