Statement of Changes in Beneficial Ownership (4)
September 03 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
APPROVAL
OMB Number: 3235-0287
Estimated average burden
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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 * Theodosopoulos
Nikos |
2. Issuer Name and Ticker or Trading
Symbol Arista Networks, Inc. [ ANET ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
5453 GREAT AMERICA PARKWAY |
3. Date of Earliest Transaction (MM/DD/YYYY)
9/1/2020
|
(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 |
9/1/2020 |
|
M(1) |
|
9375 |
A |
$34.12 |
13887 |
D |
|
Common Stock |
9/1/2020 |
|
S(1) |
|
2600 |
D |
$221.2996 (2) |
11287 |
D |
|
Common Stock |
9/1/2020 |
|
S(1) |
|
1082 |
D |
$222.4335 (3) |
10205 |
D |
|
Common Stock |
9/1/2020 |
|
S(1) |
|
5152 |
D |
$223.1332 (4) |
5053 |
D |
|
Common Stock |
9/1/2020 |
|
S(1) |
|
541 |
D |
$224.0328 (5) |
4512 |
D |
|
Common Stock |
9/2/2020 |
|
M(1) |
|
3000 |
A |
$34.12 |
7512 |
D |
|
Common Stock |
9/2/2020 |
|
S(1) |
|
3000 |
D |
$225.3072 (6) |
4512 |
D |
|
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) |
$34.12 |
9/1/2020 |
|
M (1) |
|
|
9375 |
(7) |
3/27/2024 |
Common Stock |
9375 |
$0.0 |
9375 |
D |
|
Non-Qualified Stock Option (right to
buy) |
$34.12 |
9/2/2020 |
|
M (1) |
|
|
3000 |
(7) |
3/27/2024 |
Common Stock |
3000 |
$0.0 |
6375 |
D |
|
Explanation of
Responses: |
(1) |
The exercise and 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. |
(2) |
The price reported in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from 220.67 to 221.61, 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 221.80 to 222.78, 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) |
The price reported in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from 222.80 to 223.75, 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. |
(5) |
The price reported in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from 223.84 to 224.39, 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. |
(6) |
The price reported in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from 225.00 to 225.89, 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. |
(7) |
1/60th of the 25,000 shares
subject to the option vest monthly from Vest Base Date over five
years. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Theodosopoulos Nikos
5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054 |
X |
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Signatures
|
By: Isabelle Bertin-Bailly, Attorney-in-Fact For:
Nikos Theodosopoulos |
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9/3/2020 |
**Signature of
Reporting Person |
Date |