Statement of Changes in Beneficial Ownership (4)
May 05 2021 - 7:52PM
Edgar (US Regulatory)
FORM 4
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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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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
*
Ullal Jayshree |
2. Issuer Name and Ticker or Trading Symbol
Arista Networks, Inc.
[
ANET
]
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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)
5/3/2021 |
(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
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 5/3/2021 | | M(1) | | 334 | A | $22.49 | 860 | D | |
Common Stock | 5/3/2021 | | M(1) | | 1666 | A | $56.24 | 2526 | D | |
Common Stock | 5/3/2021 | | M(1) | | 167 | A | $244.2 | 2693 | D | |
Common Stock | 5/3/2021 | | M(1) | | 208 | A | $226.34 | 2901 | D | |
Common Stock | 5/3/2021 | | S(1) | | 349 | D | $312.0758 (2) | 2552 | D | |
Common Stock | 5/3/2021 | | S(1) | | 583 | D | $313.2022 (3) | 1969 | D | |
Common Stock | 5/3/2021 | | S(1) | | 714 | D | $314.2938 (4) | 1255 | D | |
Common Stock | 5/3/2021 | | S(1) | | 499 | D | $315.2387 (5) | 756 | D | |
Common Stock | 5/3/2021 | | S(1) | | 110 | D | $316.36 | 646 | D | |
Common Stock | 5/3/2021 | | S(1) | | 120 | D | $318.06 (6) | 526 | D | |
Common Stock | | | | | | | | 564000 | I | By Trust for Child 1 (7) |
Common Stock | | | | | | | | 564000 | I | By Trust for Child 2 (7) |
Common Stock | | | | | | | | 5000 | I | By Trust for Nephew (8) |
Common Stock | | | | | | | | 5000 | I | By Trust for Niece (8) |
Common Stock | | | | | | | | 2067998 | I | by Trust (9) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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) | $22.49 | 5/3/2021 | | M (1) | | | 334 | (10) | 1/12/2024 | Common Stock | 334 | $0.0 | 2333 | D | |
Non-Qualified Stock Option (right to buy) | $56.24 | 5/3/2021 | | M (1) | | | 1666 | (11) | 2/11/2026 | Common Stock | 1666 | $0.0 | 11667 | D | |
Non-Qualified Stock Option (right to buy) | $226.34 | 5/3/2021 | | M (1) | | | 208 | (12) | 2/7/2029 | Common Stock | 208 | $0.0 | 8750 | D | |
Non-Qualified Stock Option (right to buy) | $244.2 | 5/3/2021 | | M (1) | | | 167 | (13) | 4/12/2028 | Common Stock | 167 | $0.0 | 6000 | 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 $311.68 to $312.61, 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 $312.88 to $313.87, 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 $313.89 to $314.88, 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 $314.89 to $315.77, 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 $317.46 to $318.18, 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) | 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. |
(8) | 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. |
(9) | These shares are held by a family trust for which the reporting person is co-trustee. |
(10) | 1/5th of the 20,000 shares subject to the option vested and became exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter. |
(11) | 1/60th of the 100,000 shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter. |
(12) | 1/48th of the 10,000 shares subject to the option vested on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter. |
(13) | 1/48th of the 8,000 shares subject to the option vested on June 1, 2020 and 1/48th of the shares subject to the option shall vest monthly thereafter. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ullal Jayshree 5453 GREAT AMERICA PARKWAY SANTA CLARA, CA 95054 | X |
| President and CEO |
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Signatures
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By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal | | 5/5/2021 |
**Signature of Reporting Person | Date |
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