Statement of Changes in Beneficial Ownership (4)
August 24 2022 - 7:43PM
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
*
Brennan Ita M |
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) Senior Vice President, CFO |
(Last)
(First)
(Middle)
5453 GREAT AMERICA PARKWAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/22/2022 |
(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 | 8/22/2022 | | M | | 2400 | A | $0.0 (1) | 30900 | D | |
Common Stock | 8/22/2022 | | M | | 1248 | A | $0.0 (1) | 32148 | D | |
Common Stock | 8/22/2022 | | M | | 876 | A | $0.0 (1) | 33024 | D | |
Common Stock | 8/22/2022 | | M | | 1564 | A | $0.0 (1) | 34588 | D | |
Common Stock | 8/22/2022 | | M | | 3636 | A | $0.0 (1) | 38224 | D | |
Common Stock | 8/22/2022 | | M | | 1832 | A | $0.0 (1) | 40056 | D | |
Common Stock | 8/22/2022 | | M | | 977 | A | $0.0 (1) | 41033 | D | |
Common Stock | 8/22/2022 | | M | | 1096 | A | $0.0 (1) | 42129 | D | |
Common Stock | 8/22/2022 | | F(2) | | 6761 | D | $127.14 | 35368 | 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 |
Restricted Stock Unit-10 | $0.0 (1) | 8/22/2022 | | M | | | 977 | (3) | (3) | Common Stock | 977 | $0.0 | 5839 | D | |
Restricted Stock Unit-11 | $0.0 (1) | 8/22/2022 | | M | | | 1096 | (4) | (4) | Common Stock | 1096 | $0.0 | 6544 | D | |
Restricted Stock Unit-3 | $0.0 (1) | 8/22/2022 | | M | | | 2400 | (5) | (5) | Common Stock | 2400 | $0.0 | 2400 | D | |
Restricted Stock Unit-4 | $0.0 (1) | 8/22/2022 | | M | | | 1248 | (6) | (6) | Common Stock | 1248 | $0.0 | 2500 | D | |
Restricted Stock Unit-5 | $0.0 (1) | 8/22/2022 | | M | | | 876 | (7) | (7) | Common Stock | 876 | $0.0 | 7000 | D | |
Restricted Stock Unit-6 | $0.0 (1) | 8/22/2022 | | M | | | 1564 | (8) | (8) | Common Stock | 1564 | $0.0 | 12500 | D | |
Restricted Stock Unit-7 | $0.0 (1) | 8/22/2022 | | M | | | 3636 | (9) | (9) | Common Stock | 3636 | $0.0 | 36348 | D | |
Restricted Stock Unit-8 | $0.0 (1) | 8/22/2022 | | M | | | 1832 | (10) | (10) | Common Stock | 1832 | $0.0 | 23856 | D | |
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) | Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. |
(3) | This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. 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. |
(4) | This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. 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. |
(5) | Five percent (5%) of the restricted stock units awarded vested on February 20, 2018 and five percent (5%) of the award will continue to 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, or November 20 of each year. |
(6) | Six and one-quarter percent (6.25%) of the 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. |
(7) | Six and one-quarter percent (6.25%) of the 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. |
(8) | Six and one-quarter percent (6.25%) of the 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. |
(9) | Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2021 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. |
(10) | Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on February 20, 2022 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. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Brennan Ita M 5453 GREAT AMERICA PARKWAY SANTA CLARA, CA 95054 |
|
| Senior Vice President, CFO |
|
Signatures
|
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Ita Brennan | | 8/24/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
Arista Networks (NYSE:ANET)
Historical Stock Chart
From Aug 2024 to Sep 2024
Arista Networks (NYSE:ANET)
Historical Stock Chart
From Sep 2023 to Sep 2024