SEC Form 4 · accession 0001596532-19-000052
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F McCool
Officer — Chief Platform Officer
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,F2 | Feb 20, 2019 | M | 2,250 | $0.00 | A | 2,354 | I | by Trust |
| Common StockF2 | Feb 20, 2019 | M | 84 | $132.75 | A | 2,438 | I | by Trust |
| Common StockF2 | Feb 20, 2019 | S | 84 | $270.17 | D | 2,354 | I | by Trust |
| Common StockF2 | Feb 20, 2019 | F | 779 | $270.72 | D | 1,575 | I | by Trust |
| Common StockF2 | Feb 21, 2019 | S | 735 | $269.44 | D | 840 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5 | $132.75 | Feb 20, 2019 | M | 84 | D | — | Apr 16, 2027 | Common Stock | 84 | 3,083 | D |
| Restricted Stock Unit-1F1,F6 | $0.00 | Feb 20, 2019 | M | 2,250 | D | — | — | Common Stock | 2,250 | 29,250 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2These shares are held by a family trust for which the reporting person is a co-trustee.
- F3The exercise and sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2018.
- F4Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F51/5th of the 5,000 shares subject to the option vested and became exercisable on March 20, 2018 and 1/60th of the shares subject to the option shall vest each month thereafter.
- F61/5th of the 45,000 restricted stock unit award vested on May 20, 2018 and 1/20th of the award will 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.