SEC Form 4 · accession 0001596532-18-000247
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Duda
Officer — CTO and SVP Software Eng.
Period of report
Nov 9, 2018
Accepted (ET)
Nov 13, 2018 · 8:36 pm EST
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 | Nov 12, 2018 | S | 806 | $235.6886 | D | 819,762 | I | by Trust |
| Common StockF4,F3 | Nov 12, 2018 | S | 1,794 | $237.099 | D | 817,968 | I | by Trust |
| Common StockF5,F3 | Nov 12, 2018 | S | 4,000 | $237.9825 | D | 813,968 | I | by Trust |
| Common StockF6,F3 | Nov 12, 2018 | S | 1,800 | $239.0144 | D | 812,168 | I | by Trust |
| Common StockF7,F3 | Nov 12, 2018 | S | 700 | $240.07 | D | 811,468 | I | by Trust |
| Common StockF8,F3 | Nov 12, 2018 | S | 1,000 | $240.988 | D | 810,468 | I | by Trust |
| Common StockF9,F3 | Nov 12, 2018 | S | 800 | $242.2563 | D | 809,668 | I | by Trust |
| Common StockF3 | Nov 12, 2018 | S | 100 | $243.98 | D | 809,568 | I | by Trust |
| Common Stock | holding | — | — | — | 2,664 | D | ||
| Common StockF10 | holding | — | — | — | 470 | I | By Childrens' Trust | |
| Common StockF11 | holding | — | — | — | 110,000 | I | By GRAT JD | |
| Common StockF12 | holding | — | — | — | 110,000 | I | By GRAT KD |
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)F13 | $244.43 | Nov 9, 2018 | A | 3,000 | A | — | Nov 8, 2028 | Common Stock | 3,000 | 3,000 | D |
| Restricted Stock Unit-4F14,F15 | $0.00 | Nov 9, 2018 | A | 5,000 | A | — | — | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 2, 2018.
- F10These shares are held in a trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F11Reporting persons spouse is the trustee of the Jennifer Duda 2017 Annuity Trust.
- F12Reporting person is the trustee of the Kenneth Duda 2017 Annuity Trust.
- F131/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
- F14Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F15Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on November 20, 2020 and will continue to vest at the same rate 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.42 to $236.34, inclusive. The reporting person undertakes to provide 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.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.49 to $237.46, inclusive. The reporting person undertakes to provide 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 $237.56 to $238.48, inclusive. The reporting person undertakes to provide 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.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.62 to $239.48, inclusive. The reporting person undertakes to provide 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.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.62 to $240.51, inclusive. The reporting person undertakes to provide 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.
- F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.67 to $241.46, inclusive. The reporting person undertakes to provide 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.
- F9The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.89 to $242.56, inclusive. The reporting person undertakes to provide 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.