SEC Form 4 · accession 0001596532-18-000211
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jayshree Ullal
Officer — President and CEO · Director
Period of report
Aug 24, 2018
Accepted (ET)
Aug 28, 2018 · 9:13 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 StockF2,F3 | Aug 24, 2018 | S | 91 | $313.1603 | D | 2,306,564 | I | by Trust |
| Common StockF4 | holding | — | — | — | 5,000 | I | By Trust for Nephew | |
| Common StockF4 | holding | — | — | — | 5,000 | I | By Trust for Niece |
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)F5 | $22.49 | Aug 27, 2018 | M | 6,667 | D | — | Jan 12, 2024 | Common Stock | 6,667 | 13,333 | D |
| Non-Qualified Stock Option (right to buy)F6,F7 | $56.24 | Aug 27, 2018 | M | 33,333 | D | — | Feb 12, 2026 | Common Stock | 33,333 | 66,667 | D |
| Non-Qualified Stock Option (right to buy)F8 | $95.51 | Aug 27, 2018 | M | 24,750 | D | — | Feb 5, 2027 | Common Stock | 24,750 | 57,750 | 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 14, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $312.98 to $313.31, 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.
- F3These shares are held by a family trust for which the reporting person is a trustee.
- F4These shares are held in a trust for the benefit of a relative of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- 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.
- F61/60th 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.
- F7The last date to exercise is 2/11/2026. The first date this grant is not exercisable is 2/12/2026.
- F81/5th 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.