SEC Form 4 · accession 0001596532-19-000051
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 20, 2019
Accepted (ET)
Feb 22, 2019 · 8:49 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 | Feb 20, 2019 | M | 625 | $0.00 | A | 4,108 | D | |
| Common StockF1 | Feb 20, 2019 | M | 1,000 | $0.00 | A | 5,108 | D | |
| Common Stock | Feb 20, 2019 | F | 563 | $270.72 | D | 4,545 | D | |
| Common StockF3 | holding | — | — | — | 70,470 | I | By Childrens' Trust | |
| Common StockF4 | holding | — | — | — | 260,053 | I | By GRAT JD | |
| Common StockF5 | holding | — | — | — | 260,053 | I | By GRAT KD | |
| Common StockF6 | holding | — | — | — | 404,527 | I | by Trust |
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,F7 | $0.00 | Feb 20, 2019 | M | 625 | D | — | — | Common Stock | 625 | 4,375 | D |
| Restricted Stock Unit-2F1,F8 | $0.00 | Feb 20, 2019 | M | 1,000 | D | — | — | Common Stock | 1,000 | 15,000 | 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.
- F3These 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.
- F4Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
- F5Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
- F6These shares are held by a family trust for which the reporting person is a trustee.
- F7Six and one-quarter percent (6.25%) of the 10,000 restricted stock units awarded vested on February 20, 2017 and will continue to vest at a rate of six and one-quarter percent (6.25%) 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.
- F8Five 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.