Statement of Changes in Beneficial Ownership (4)
September 10 2020 - 07:47PM
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
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person * Ullal
Jayshree |
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
__X__ Officer (give title
below) _____ Other
(specify below)
President and CEO |
(Last)
(First)
(Middle)
5453 GREAT AMERICA PARKWAY |
3. Date of Earliest Transaction (MM/DD/YYYY)
9/8/2020
|
(Street)
SANTA CLARA, CA 95054
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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 |
9/8/2020 |
|
M(1) |
|
1375 |
A |
$95.51 |
16809 |
D |
|
Common Stock |
9/8/2020 |
|
S(1) |
|
140 |
D |
$206.44 (2) |
16669 |
D |
|
Common Stock |
9/8/2020 |
|
S(1) |
|
1025 |
D |
$207.8828 (3) |
15644 |
D |
|
Common Stock |
9/8/2020 |
|
S(1) |
|
210 |
D |
$209.03 (4) |
15434 |
D |
|
Common Stock |
|
|
|
|
|
|
|
668167 |
I |
By Trust for Child 1 (5) |
Common Stock |
|
|
|
|
|
|
|
668167 |
I |
By Trust for Child 2 (5) |
Common Stock |
|
|
|
|
|
|
|
5000 |
I |
By Trust for Nephew (6) |
Common Stock |
|
|
|
|
|
|
|
5000 |
I |
By Trust for Niece (6) |
Common Stock |
|
|
|
|
|
|
|
2210200 |
I |
by Trust (7) |
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) |
$95.51 |
9/8/2020 |
|
M (1) |
|
|
1375 |
(8) |
2/5/2027 |
Common Stock |
1375 |
$0.0 |
23375 |
D |
|
Explanation of
Responses: |
(1) |
The exercises 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 11, 2020. |
(2) |
The price reported in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from 206.31 to 206.57, 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 207.45 to 208.33, 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 208.49 to 209.44, 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) |
These shares are held in
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. |
(6) |
These shares are held in a
trust for the benefit of a relative of the reporting person for
which the reporting person serves as co-trustee. The reporting
person shares voting and investment control over the shares but
disclaims beneficial ownership of the shares. |
(7) |
These shares are held by a
family trust for which the reporting person is
co-trustee. |
(8) |
1/5th of the 82,500 shares
subject to the option vested on February 6, 2018 and 1/60th of the
shares subject to the option shall vest monthly
thereafter. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Ullal Jayshree
5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054 |
X |
|
President and CEO |
|
Signatures
|
By: Isabelle Bertin-Bailly, Attorney-in-Fact For:
Jayshree Ullal |
|
9/10/2020 |
**Signature of
Reporting Person |
Date |