SEC Form 4 · accession 0001596532-18-000207
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 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 | 2,395 | $7.76 | A | 3,809 | D | |
| Common Stock | Aug 24, 2018 | M | 2,000 | $22.49 | A | 5,809 | D | |
| Common Stock | Aug 24, 2018 | M | 1,667 | $64.46 | A | 7,476 | D | |
| Common Stock | Aug 24, 2018 | M | 4,167 | $68.34 | A | 11,643 | D | |
| Common Stock | Aug 24, 2018 | M | 2,083 | $56.24 | A | 13,726 | D | |
| Common Stock | Aug 24, 2018 | S | 12,312 | $298.00 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2 | $7.76 | Aug 24, 2018 | M | 2,395 | D | — | Apr 18, 2023 | Common Stock | 2,395 | 7,667 | D |
| Non-Qualified Stock Option (right to buy)F3 | $22.49 | Aug 24, 2018 | M | 2,000 | D | — | Jan 12, 2024 | Common Stock | 2,000 | 16,000 | D |
| Non-Qualified Stock Option (right to buy)F4 | $56.24 | Aug 24, 2018 | M | 2,083 | D | — | Feb 11, 2026 | Common Stock | 2,083 | 17,917 | D |
| Non-Qualified Stock Option (right to buy)F5 | $64.46 | Aug 24, 2018 | M | 1,667 | D | — | Sep 10, 2025 | Common Stock | 1,667 | 13,333 | D |
| Non-Qualified Stock Option (right to buy)F6 | $68.34 | Aug 24, 2018 | M | 4,167 | D | — | Dec 15, 2024 | Common Stock | 4,167 | 33,333 | D |
Explanation of responses
- F1The exercise and 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.
- F21/4th of the 23,000 shares subject to the option vested and became exercisable on December 1, 2016 and 1/48th of the shares subject to the option shall vest monthly thereafter.
- F31/5th of the 24,000 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.
- F41/60th of the 25,000 shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F51/5th 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.
- F61/5th of the 50,000 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.