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Filing Details

Accession Number:: 0001596532-18-000247
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-11-13 20:36:20
Reporting Period:: 2018-11-09

Accepted Time:: 2018-11-13 20:36:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1596532	Arista Networks Inc.	ANET	Computer Communications Equipment (3576)	201751121

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1605808	Kenneth Duda	5453 Great America Parkway Santa Clara CA 95054	Cto And Svp Software Eng.	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2018-11-12	806	$235.69	819,762	No	4	S	Indirect	by Trust
Common Stock	Disposition	2018-11-12	1,794	$237.10	817,968	No	4	S	Indirect	by Trust
Common Stock	Disposition	2018-11-12	4,000	$237.98	813,968	No	4	S	Indirect	by Trust
Common Stock	Disposition	2018-11-12	1,800	$239.01	812,168	No	4	S	Indirect	by Trust
Common Stock	Disposition	2018-11-12	700	$240.07	811,468	No	4	S	Indirect	by Trust
Common Stock	Disposition	2018-11-12	1,000	$240.99	810,468	No	4	S	Indirect	by Trust
Common Stock	Disposition	2018-11-12	800	$242.26	809,668	No	4	S	Indirect	by Trust
Common Stock	Disposition	2018-11-12	100	$243.98	809,568	No	4	S	Indirect	by Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Acquisiton	2018-11-09	3,000	$0.00	3,000	$244.43
Common Stock	Restricted Stock Unit-4	Acquisiton	2018-11-09	5,000	$0.00	5,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,000		2028-11-08	No	4	A	Direct
5,000			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,664	Direct
Common Stock	470	Indirect	By Childrens' Trust
Common Stock	110,000	Indirect	By GRAT JD
Common Stock	110,000	Indirect	By GRAT KD

Footnotes

The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 2, 2018.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.42 to $236.34, inclusive. The reporting person undertakes to provide 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.
These shares are held by a family trust for which the reporting person is a trustee.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.49 to $237.46, inclusive. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.56 to $238.48, inclusive. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.62 to $239.48, inclusive. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.62 to $240.51, inclusive. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.67 to $241.46, inclusive. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.89 to $242.56, inclusive. The reporting person undertakes to provide 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.
These 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.
Reporting persons spouse is the trustee of the Jennifer Duda 2017 Annuity Trust.
Reporting person is the trustee of the Kenneth Duda 2017 Annuity Trust.
1/48th 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.
Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
Six 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.