Statement of Changes in Beneficial Ownership (4)
November 23 2022 - 05:21PM
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
|
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
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|
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)
11/21/2022
|
(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 |
11/21/2022 |
|
M |
|
2400 |
A |
$0.0 (1) |
37768 |
D |
|
Common Stock |
11/21/2022 |
|
M |
|
1252 |
A |
$0.0 (1) |
39020 |
D |
|
Common Stock |
11/21/2022 |
|
M |
|
876 |
A |
$0.0 (1) |
39896 |
D |
|
Common Stock |
11/21/2022 |
|
M |
|
1564 |
A |
$0.0 (1) |
41460 |
D |
|
Common Stock |
11/21/2022 |
|
M |
|
3632 |
A |
$0.0 (1) |
45092 |
D |
|
Common Stock |
11/21/2022 |
|
M |
|
1836 |
A |
$0.0 (1) |
46928 |
D |
|
Common Stock |
11/21/2022 |
|
M |
|
970 |
A |
$0.0 (1) |
47898 |
D |
|
Common Stock |
11/21/2022 |
|
M |
|
1088 |
A |
$0.0 (1) |
48986 |
D |
|
Common Stock |
11/21/2022 |
|
F(2) |
|
6755 |
D |
$134.61 |
42231 |
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) |
11/21/2022 |
|
M |
|
|
970 |
(3) |
(3) |
Common Stock |
970 |
$0.0 |
4869 |
D |
|
Restricted Stock Unit-11 |
$0.0 (1) |
11/21/2022 |
|
M |
|
|
1088 |
(4) |
(4) |
Common Stock |
1088 |
$0.0 |
5456 |
D |
|
Restricted Stock Unit-3 |
$0.0 (1) |
11/21/2022 |
|
M |
|
|
2400 |
(5) |
(5) |
Common Stock |
2400 |
$0.0 |
0 |
D |
|
Restricted Stock Unit-4 |
$0.0 (1) |
11/21/2022 |
|
M |
|
|
1252 |
(6) |
(6) |
Common Stock |
1252 |
$0.0 |
1248 |
D |
|
Restricted Stock Unit-5 |
$0.0 (1) |
11/21/2022 |
|
M |
|
|
876 |
(7) |
(7) |
Common Stock |
876 |
$0.0 |
6124 |
D |
|
Restricted Stock Unit-6 |
$0.0 (1) |
11/21/2022 |
|
M |
|
|
1564 |
(8) |
(8) |
Common Stock |
1564 |
$0.0 |
10936 |
D |
|
Restricted Stock Unit-7 |
$0.0 (1) |
11/21/2022 |
|
M |
|
|
3632 |
(9) |
(9) |
Common Stock |
3632 |
$0.0 |
32716 |
D |
|
Restricted Stock Unit-8 |
$0.0 (1) |
11/21/2022 |
|
M |
|
|
1836 |
(10) |
(10) |
Common Stock |
1836 |
$0.0 |
22020 |
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 |
|
11/23/2022 |
**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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