Statement of Changes in Beneficial Ownership (4)
30 April 2020 - 9:50AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Sadana Anshul |
2. Issuer Name and Ticker or Trading Symbol
Arista Networks, Inc.
[
ANET
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, Chief Operating Officer |
(Last)
(First)
(Middle)
5453 GREAT AMERICA PARKWAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/27/2020 |
(Street)
SANTA CLARA, CA 95054
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 4/27/2020 | | M(1) | | 479 | A | $7.76 | 7943 | D | |
Common Stock | 4/27/2020 | | M(1) | | 400 | A | $22.49 | 8343 | D | |
Common Stock | 4/27/2020 | | M(1) | | 834 | A | $68.34 | 9177 | D | |
Common Stock | 4/27/2020 | | M(1) | | 1666 | A | $30.67 | 10843 | D | |
Common Stock | 4/27/2020 | | M(1) | | 416 | A | $56.24 | 11259 | D | |
Common Stock | 4/27/2020 | | M(1) | | 334 | A | $64.46 | 11593 | D | |
Common Stock | 4/27/2020 | | S(1) | | 4905 | D | $220.1167 (2) | 6688 | D | |
Common Stock | 4/28/2020 | | S(1) | | 2662 | D | $220.0542 (3) | 4026 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Non-Qualified Stock Option (right to buy) | $7.76 | 4/27/2020 | | M (1) | | | 479 | (4) | 4/18/2023 | Common Stock | 479 | $0.0 | 1917 | D | |
Non-Qualified Stock Option (right to buy) | $22.49 | 4/27/2020 | | M (1) | | | 400 | (5) | 1/12/2024 | Common Stock | 400 | $0.0 | 11200 | D | |
Non-Qualified Stock Option (right to buy) | $30.67 | 4/27/2020 | | M (1) | | | 1666 | (6) | 2/10/2024 | Common Stock | 1666 | $0.0 | 68334 | D | |
Non-Qualified Stock Option (right to buy) | $56.24 | 4/27/2020 | | M (1) | | | 416 | (7) | 2/11/2026 | Common Stock | 416 | $0.0 | 12917 | D | |
Non-Qualified Stock Option (right to buy) | $64.46 | 4/27/2020 | | M (1) | | | 334 | (8) | 9/10/2025 | Common Stock | 334 | $0.0 | 9333 | D | |
Non-Qualified Stock Option (right to buy) | $68.34 | 4/27/2020 | | M (1) | | | 834 | (9) | 12/15/2024 | Common Stock | 834 | $0.0 | 23333 | D | |
Explanation of Responses: |
(1) | The 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, 2019. |
(2) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.00 to $220.32, 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. |
(3) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.00 to $220.19, 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. |
(4) | 1/4th 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. |
(5) | 1/5th 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. |
(6) | 1/5th 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. |
(7) | 1/60th 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. |
(8) | 1/5th 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. |
(9) | 1/5th 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Sadana Anshul 5453 GREAT AMERICA PARKWAY SANTA CLARA, CA 95054 |
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| SVP, Chief Operating Officer |
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Signatures
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By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Anshul Sadana | | 4/29/2020 |
**Signature of Reporting Person | Date |
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