SEC Form 4 · accession 0001596532-18-000260
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
Nov 20, 2018
Accepted (ET)
Nov 23, 2018 · 5:15 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 StockF1 | Nov 20, 2018 | M | 625 | $0.00 | A | 2,039 | D | |
| Common StockF1 | Nov 20, 2018 | M | 750 | $0.00 | A | 2,789 | D | |
| Common StockF1 | Nov 20, 2018 | M | 1,000 | $0.00 | A | 3,789 | D | |
| Common Stock | Nov 20, 2018 | F | 1,178 | $219.38 | D | 2,611 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit-1F1,F3 | $0.00 | Nov 20, 2018 | M | 625 | D | — | — | Common Stock | 625 | 5,000 | D |
| Restricted Stock Unit-2F1,F4 | $0.00 | Nov 20, 2018 | M | 750 | D | — | — | Common Stock | 750 | 9,000 | D |
| Restricted Stock Unit-3F1,F5 | $0.00 | Nov 20, 2018 | M | 1,000 | D | — | — | Common Stock | 1,000 | 16,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3Six and one-quarter percent (6.25%) of the 10,000 restricted stock units awarded vested on February 20, 2017 and six and one-quarter percent (6.25%) of the award will continue to vest 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.
- F4Five percent (5%) of the 15,000 restricted stock units awarded vested on February 20, 2017 and five percent (5%) of the award will continue to vest 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, or November 20 of each year.
- F5Five percent (5%) of the 20,000 restricted stock units awarded vested on February 20, 2018 and five percent (5%) of the award will continue to vest 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, or November 20 of each year.