Statement of Changes in Beneficial Ownership (4)
September 06 2022 - 06:17PM
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).
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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
hours per response... 0.5 |
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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 * Taxay Marc |
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)
SVP and General Counsel |
(Last)
(First)
(Middle)
5453 GREAT AMERICA PARKWAY |
3. Date of Earliest Transaction (MM/DD/YYYY)
9/1/2022
|
(Street)
SANTA CLARA, CA 95054
(City)
(State)
(Zip)
|
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 |
9/1/2022 |
|
M(1) |
|
416 |
A |
$61.05 |
6149 |
D |
|
Common Stock |
9/1/2022 |
|
M(1) |
|
208 |
A |
$61.1075 |
6357 |
D |
|
Common Stock |
9/1/2022 |
|
M(1) |
|
416 |
A |
$56.585 |
6773 |
D |
|
Common Stock |
9/1/2022 |
|
S(1) |
|
2201 |
D |
$114.9196 (2) |
4572 |
D |
|
Common Stock |
9/1/2022 |
|
S(1) |
|
1912 |
D |
$116.2017 (3) |
2660 |
D |
|
Common Stock |
9/1/2022 |
|
S(1) |
|
2160 |
D |
$116.8848 (4) |
500 |
D |
|
Common Stock |
9/1/2022 |
|
S(1) |
|
500 |
D |
$117.998 (5) |
0 |
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) |
$56.585 |
9/1/2022 |
|
M (1) |
|
|
416 |
(6) |
2/7/2029 |
Common Stock |
416 |
$0.0 |
10832 |
D |
|
Non-Qualified Stock Option (right to
buy) |
$61.05 |
9/1/2022 |
|
M (1) |
|
|
416 |
(7) |
4/12/2028 |
Common Stock |
416 |
$0.0 |
8332 |
D |
|
Non-Qualified Stock Option (right to
buy) |
$61.1075 |
9/1/2022 |
|
M (1) |
|
|
208 |
(8) |
11/8/2028 |
Common Stock |
208 |
$0.0 |
5416 |
D |
|
Explanation of
Responses: |
(1) |
The exercise and sale of
shares was effected pursuant to a Rule 10b5-1 trading plan entered
into by the reporting person on September 15, 2021. |
(2) |
The price reported in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $114.32 to $115.21, 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 $115.55 to $116.54, 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 $116.57 to $117.32, 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 $117.67 to $118.41, 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) |
1/48th of the shares subject
to the option shall vest and become exercisable on December 1, 2020
and 1/48th of the shares subject to the option shall continue to
vest each month thereafter. |
(7) |
1/48th of the shares subject
to the option shall vest and become exercisable on June 1, 2020 and
1/48th of the shares subject to the option shall continue to vest
each month thereafter. |
(8) |
1/48th of the shares subject
to the option shall vest and become exercisable on December 1, 2020
and 1/48th of the shares subject to the option shall continue to
vest each month thereafter. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Taxay Marc
5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054 |
|
|
SVP and General Counsel |
|
Signatures
|
By: Isabelle Bertin-Bailly, Attorney-in-Fact For:
Marc Taxay |
|
9/6/2022 |
**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. |
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