Filing Details
- Accession Number:
- 0001596532-20-000277
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-11-24 20:24:43
- Reporting Period:
- 2020-11-20
- Accepted Time:
- 2020-11-24 20:24:43
- 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 |
|---|---|---|---|---|---|---|---|
| 1701967 | F John Mccool | 5453 Great America Parkway Santa Clara CA 95054 | Chief Platform Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-11-20 | 84 | $132.75 | 125 | No | 4 | M | Indirect | by Trust |
| Common Stock | Disposition | 2020-11-20 | 84 | $273.00 | 41 | No | 4 | S | Indirect | by Trust |
| Common Stock | Acquisiton | 2020-11-20 | 2,250 | $0.00 | 2,291 | No | 4 | M | Indirect | by Trust |
| Common Stock | Acquisiton | 2020-11-20 | 250 | $0.00 | 2,541 | No | 4 | M | Indirect | by Trust |
| Common Stock | Acquisiton | 2020-11-20 | 188 | $0.00 | 2,729 | No | 4 | M | Indirect | by Trust |
| Common Stock | Acquisiton | 2020-11-20 | 313 | $0.00 | 3,042 | No | 4 | M | Indirect | by Trust |
| Common Stock | Disposition | 2020-11-20 | 1,490 | $0.00 | 1,552 | No | 4 | F | Indirect | by Trust |
| Common Stock | Disposition | 2020-11-23 | 1,511 | $268.85 | 41 | No | 4 | S | Indirect | by Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Indirect | by Trust |
| No | 4 | S | Indirect | by Trust |
| No | 4 | M | Indirect | by Trust |
| No | 4 | M | Indirect | by Trust |
| No | 4 | M | Indirect | by Trust |
| No | 4 | M | Indirect | by Trust |
| No | 4 | F | Indirect | by Trust |
| No | 4 | S | Indirect | by Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2020-11-20 | 84 | $0.00 | 84 | $132.75 |
| Common Stock | Restricted Stock Unit-1 | Disposition | 2020-11-20 | 2,250 | $0.00 | 2,250 | $0.00 |
| Common Stock | Restricted Stock Unit-2 | Disposition | 2020-11-20 | 250 | $0.00 | 250 | $0.00 |
| Common Stock | Restricted Stock Unit-3 | Disposition | 2020-11-20 | 188 | $0.00 | 188 | $0.00 |
| Common Stock | Restricted Stock Unit-4 | Disposition | 2020-11-20 | 313 | $0.00 | 313 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,333 | 2027-04-16 | No | 4 | M | Direct | |
| 13,500 | No | 4 | M | Direct | ||
| 2,250 | No | 4 | M | Direct | ||
| 2,812 | No | 4 | M | Direct | ||
| 4,687 | No | 4 | M | Direct |
Footnotes
- 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 June 10, 2020.
- These shares are held by a family trust for which the reporting person is co-trustee.
- Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.67 to $269.0044, 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.
- 1/5th 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.
- 1/5th 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 of each year.
- Six and one-quarter percent (6.25%) of the 4,000 restricted stock units awarded vested on May 20, 2019 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, or November 20 of each year.
- Six and one-quarter percent (6.25%) of the 3,000 restricted stock units awarded vested 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.
- Six and one-quarter percent (6.25%) of the 5,000 restricted stock units awarded vested 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.
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