SEC Form 4 · accession 0001596532-19-000063
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
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 6:29 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 | Mar 1, 2019 | M | 3,355 | $7.76 | A | 6,282 | D | |
| Common Stock | Mar 1, 2019 | M | 2,800 | $22.49 | A | 9,082 | D | |
| Common Stock | Mar 1, 2019 | M | 23,333 | $30.67 | A | 32,415 | D | |
| Common Stock | Mar 1, 2019 | M | 5,833 | $68.34 | A | 38,248 | D | |
| Common Stock | Mar 1, 2019 | M | 2,333 | $64.46 | A | 40,581 | D | |
| Common Stock | Mar 1, 2019 | M | 2,917 | $56.24 | A | 43,498 | D | |
| Common StockF2 | Mar 1, 2019 | S | 3,943 | $284.6391 | D | 39,555 | D | |
| Common StockF3 | Mar 1, 2019 | S | 18,942 | $285.5196 | D | 20,613 | D | |
| Common StockF4 | Mar 1, 2019 | S | 5,684 | $286.9933 | D | 14,929 | D | |
| Common StockF5 | Mar 1, 2019 | S | 13,315 | $287.4844 | D | 1,614 | D | |
| Common StockF6 | Mar 1, 2019 | S | 200 | $288.315 | D | 1,414 | 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)F7 | $7.76 | Mar 1, 2019 | M | 3,355 | D | — | Apr 18, 2023 | Common Stock | 3,355 | 4,312 | D |
| Non-Qualified Stock Option (right to buy)F8 | $22.49 | Mar 1, 2019 | M | 2,800 | D | — | Jan 12, 2024 | Common Stock | 2,800 | 13,200 | D |
| Non-Qualified Stock Option (right to buy)F9 | $30.67 | Mar 1, 2019 | M | 23,333 | D | — | Feb 10, 2024 | Common Stock | 23,333 | 76,667 | D |
| Non-Qualified Stock Option (right to buy)F10 | $56.24 | Mar 1, 2019 | M | 2,917 | D | — | Feb 11, 2026 | Common Stock | 2,917 | 15,000 | D |
| Non-Qualified Stock Option (right to buy)F11 | $64.46 | Mar 1, 2019 | M | 2,333 | D | — | Sep 10, 2025 | Common Stock | 2,333 | 11,000 | D |
| Non-Qualified Stock Option (right to buy)F12 | $68.34 | Mar 1, 2019 | M | 5,833 | D | — | Dec 15, 2024 | Common Stock | 5,833 | 27,500 | D |
Explanation of responses
- F1The exercise and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2018.
- F101/60th of the 25,000 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.
- F111/5th of the 20,000 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.
- F121/5th of the 50,000 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 $284.11 to $285.09, 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 $285.11 to $286.05, 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 $286.18 to $287.175, 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 $287.18 to $288.14, 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 $288.22 to $288.41, 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.
- F71/4th of the 23,000 shares subject to the option vested and became exercisable on December 1, 2016 and 1/48th of the shares subject to the option shall vest monthly thereafter.
- F81/5th of the 24,000 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.
- F91/5th of the 100,000 shares subject to the option vested and became exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.