SEC Form 3 · accession 0001596532-19-000068
Arista Networks, Inc. · ANET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manuel Felix Rivelo
Officer — SVP, Chief Customer Officer
Period of report
Mar 4, 2019
Accepted (ET)
Mar 13, 2019 · 9:39 pm EDT
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 | holding | — | — | — | 972 | 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)F1 | $226.34 | holding | — | — | — | Dec 1, 2020 | Feb 7, 2029 | Common Stock | 5,000 | — | D |
| Non-Qualified Stock Option (right to buy)F2 | $244.20 | holding | — | — | — | Jun 1, 2020 | Apr 12, 2028 | Common Stock | 5,000 | — | D |
| Non-Qualified Stock Option (right to buy)F3 | $244.43 | holding | — | — | — | Dec 1, 2020 | Nov 8, 2028 | Common Stock | 2,000 | — | D |
| Restricted Stock Unit-1F5,F4 | $0.00 | holding | — | — | — | Feb 20, 2019 | — | Common Stock | 16,000 | — | D |
| Restricted Stock Unit-2F5,F6 | $0.00 | holding | — | — | — | Nov 20, 2020 | — | Common Stock | 3,000 | — | D |
Explanation of responses
- F11/48th 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.
- F21/48th of the shares subject to the option shall vest and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
- F31/48th 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.
- F4Twenty percent (20%) of the restricted stock units awarded vested on February 20, 2019 and five percent (5%) of the award will vest every quarter 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.
- F5Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F6Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on November 20, 2020 and will continue to vest at the same rate 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.