SEC Form 4 · accession 0001596532-18-000249
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Taxay
Officer — SVP and General Counsel
Period of report
Nov 14, 2018
Accepted (ET)
Nov 15, 2018 · 8:44 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 Stock | Nov 14, 2018 | M | 167 | $22.49 | A | 16,964 | D | |
| Common Stock | Nov 14, 2018 | M | 167 | $30.67 | A | 17,131 | D | |
| Common Stock | Nov 14, 2018 | M | 166 | $68.34 | A | 17,297 | D | |
| Common Stock | Nov 14, 2018 | M | 166 | $64.46 | A | 17,463 | D | |
| Common Stock | Nov 14, 2018 | M | 166 | $56.24 | A | 17,629 | D | |
| Common Stock | Nov 14, 2018 | M | 2,917 | $65.01 | A | 20,546 | D | |
| Common StockF2 | Nov 14, 2018 | S | 600 | $230.1433 | D | 19,946 | D | |
| Common StockF3 | Nov 14, 2018 | S | 1,200 | $231.1775 | D | 18,746 | D | |
| Common StockF4 | Nov 14, 2018 | S | 800 | $232.5888 | D | 17,946 | D | |
| Common StockF5 | Nov 14, 2018 | S | 500 | $233.34 | D | 17,446 | D | |
| Common StockF6 | Nov 14, 2018 | S | 900 | $234.7661 | D | 16,546 | D | |
| Common StockF7 | Nov 14, 2018 | S | 100 | $236.081 | D | 16,446 | D | |
| Common StockF8 | Nov 14, 2018 | S | 400 | $237.6825 | D | 16,046 | D | |
| Common StockF9 | Nov 14, 2018 | S | 500 | $238.87 | D | 15,546 | 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)F10 | $22.49 | Nov 14, 2018 | M | 167 | D | — | Jan 12, 2024 | Common Stock | 167 | 3,000 | D |
| Non-Qualified Stock Option (right to buy)F10 | $30.67 | Nov 14, 2018 | M | 167 | D | — | Feb 10, 2024 | Common Stock | 167 | 3,000 | D |
| Non-Qualified Stock Option (right to buy)F11 | $56.24 | Nov 14, 2018 | M | 166 | D | — | Feb 11, 2026 | Common Stock | 166 | 6,667 | D |
| Non-Qualified Stock Option (right to buy)F12 | $64.46 | Nov 14, 2018 | M | 166 | D | — | Sep 10, 2025 | Common Stock | 166 | 6,167 | D |
| Non-Qualified Stock Option (right to buy)F13 | $65.01 | Nov 14, 2018 | M | 2,917 | D | — | Apr 7, 2026 | Common Stock | 2,917 | 7,250 | D |
| Non-Qualified Stock Option (right to buy)F14 | $68.34 | Nov 14, 2018 | M | 166 | D | — | Dec 15, 2024 | Common Stock | 166 | 6,167 | 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 September 14, 2018.
- F101/5th of the 10,000 shares subject to the option vested and became exercisable on May 1, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F111/60th of the 10,000 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.
- F121/5th of the 10,000 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.
- F131/60th of the 15,000 shares subject to the option vested and became exercisable on April 28, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.
- F141/5th of the 10,000 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $229.60 to $230.55, 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 $230.81 to $231.69, 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.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.04 to $232.95, 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.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.05 to $233.73, 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.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.405 to $235.36, 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.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.05 to $236.12, 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.
- F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.38 to $238.04, 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.
- F9The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.56 to $239.08, 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.