Statement of Changes in Beneficial Ownership (4)
August 24 2020 - 07:55PM
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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OMB Number: 3235-0287
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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 * McCool John F |
2. Issuer Name and Ticker or Trading
Symbol Arista Networks, Inc. [ ANET ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Chief Platform Officer |
(Last)
(First)
(Middle)
5453 GREAT AMERICA PARKWAY |
3. Date of Earliest Transaction (MM/DD/YYYY)
8/20/2020
|
(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 |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
8/20/2020 |
|
M |
|
2250 |
A |
$0.0 (1) |
2291 (2) |
I |
by Trust (3) |
Common Stock |
8/20/2020 |
|
M |
|
250 |
A |
$0.0 (1) |
2541 |
I |
by Trust (3) |
Common Stock |
8/20/2020 |
|
F(4) |
|
1240 |
D |
$221.38 |
1301 |
I |
by Trust (3) |
Common Stock |
8/20/2020 |
|
M(5) |
|
84 |
A |
$132.75 |
1385 |
I |
by Trust (3) |
Common Stock |
8/20/2020 |
|
S(5) |
|
84 |
D |
$220.0 |
1301 |
I |
by Trust (3) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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) |
$132.75 |
8/20/2020 |
|
M (5) |
|
|
84 |
(6) |
4/16/2027 |
Common Stock |
84 |
$0.0 |
1583 |
D |
|
Restricted Stock Unit-1 |
$0.0 (1) |
8/20/2020 |
|
M |
|
|
2250 |
(7) |
(7) |
Common Stock |
2250 |
$0.0 |
15750 |
D |
|
Restricted Stock Unit-2 |
$0.0 (1) |
8/20/2020 |
|
M |
|
|
250 |
(8) |
(8) |
Common Stock |
250 |
$0.0 |
2500 |
D |
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Explanation of
Responses: |
(1) |
Each restricted stock unit
represents a contingent right to receive one share of Arista
Networks, Inc. Common Stock upon vesting. |
(2) |
Includes 41 shares acquired
under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan
on August 17, 2020. |
(3) |
These shares are held by a
family trust for which the reporting person is
co-trustee. |
(4) |
Represents shares withheld
to satisfy tax withholding obligations on the vesting of restricted
stock units. |
(5) |
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. |
(6) |
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. |
(7) |
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. |
(8) |
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. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
McCool John F
5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054 |
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|
Chief Platform Officer |
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Signatures
|
By: Isabelle Bertin-Bailly, Attorney-in-Fact For:
John F. McCool |
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8/24/2020 |
**Signature of
Reporting Person |
Date |