SEC Form 4 · accession 0001596532-19-000019
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
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 7:52 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 | Feb 11, 2019 | S | 1,291 | $227.9797 | D | 414,236 | I | by Trust |
| Common StockF4,F3 | Feb 11, 2019 | S | 7,395 | $228.9887 | D | 406,841 | I | by Trust |
| Common StockF5,F3 | Feb 11, 2019 | S | 2,214 | $229.7582 | D | 404,627 | I | by Trust |
| Common StockF3 | Feb 11, 2019 | S | 100 | $230.53 | D | 404,527 | I | by Trust |
| Common Stock | holding | — | — | — | 3,483 | D | ||
| Common StockF6 | holding | — | — | — | 70,470 | I | By Childrens' Trust | |
| Common StockF7 | holding | — | — | — | 260,053 | I | By GRAT JD | |
| Common StockF8 | holding | — | — | — | 260,053 | 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)F9 | $226.34 | Feb 8, 2019 | A | 10,000 | A | — | Feb 7, 2029 | Common Stock | 10,000 | 10,000 | 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $227.40 to $228.29, 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 $228.44 to $229.42, 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 $229.45 to $230.44, 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.
- F6These 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.
- F7Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
- F8Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
- F91/48th 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.