Form Type: 4

SEC EDGAR Link
Accession Number:0001596532-21-000401
Date:2021-11-22
Issuer: ARISTA NETWORKS, INC. (ANET)
Original Submission Date:

Reporting Person:

BECHTOLSHEIM ANDREAS
5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-11-22 M 8,252 a $0.00 89,720 direct
COMMON STOCK 2021-11-22 M 5,000 a $0.00 94,720 direct
COMMON STOCK 2021-11-22 F 6,291 d $128.16 88,429 direct
COMMON STOCK 2021-11-22 M 4,000 a $5.62 92,429 direct
COMMON STOCK 2021-11-22 M 66,668 a $9.50 159,097 direct
COMMON STOCK 2021-11-22 M 20,000 a $14.06 179,097 direct
COMMON STOCK 2021-11-22 M 9,332 a $23.88 188,429 direct
COMMON STOCK 2021-11-22 S 36,106 d $128.60 152,323 direct
COMMON STOCK 2021-11-22 S 37,081 d $129.34 115,242 direct
COMMON STOCK 2021-11-22 S 9,444 d $130.51 105,798 direct
COMMON STOCK 2021-11-22 S 17,369 d $131.44 88,429 direct
COMMON STOCK 2021-11-22 S 36,241 d $128.60 48,683,759 indirect f9
COMMON STOCK 2021-11-22 S 36,625 d $129.33 48,647,134 indirect f9
COMMON STOCK 2021-11-22 S 9,529 d $130.46 48,637,605 indirect f9
COMMON STOCK 2021-11-22 S 17,605 d $131.44 48,620,000 indirect f9
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) 5.6225 2021-11-22 deemed execution date M 4,000 (d) 2024-01-12 common stock 4,000 $5.62 1,332 direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) 9.5 2021-11-22 deemed execution date M 66,668 (d) 2024-05-19 common stock 66,668 $9.50 0 direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) 14.06 2021-11-22 deemed execution date M 20,000 (d) 2026-02-11 common stock 20,000 $14.06 6,668 direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) 23.8775 2021-11-22 deemed execution date M 9,332 (d) 2027-02-05 common stock 9,332 $23.88 23,668 direct
RESTRICTED STOCK UNIT-1 0.0 2021-11-22 deemed execution date M 8,252 (d) common stock 8,252 $0.00 0 direct
RESTRICTED STOCK UNIT-2 0.0 2021-11-22 deemed execution date M 5,000 (d) common stock 5,000 $0.00 25,000 direct
Footnotes
IDfootnote
f1 each restricted stock unit represents a contingent right to receive one share of arista networks, inc. common stock upon vesting.
f2 on november 18, 2021, the issuer completed a four-for-one stock split of the issuer's common stock. all amounts have been adjusted to give effect to this stock split.
f3 represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
f4 the exercise and/or sale of shares was effected pursuant to a rule 10b5-1 trading plan entered into by the reporting person on june 14, 2021.
f5 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $128.02 to $129.01, 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.
f6 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $129.02 to $130.01, 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.
f7 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $130.02 to $131.01, 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.
f8 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $131.02 to $131.88, 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.
f9 these shares are held by a family trust for which the reporting person is a trustee.
f10 1/5th of the 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.
f11 1/5th of the shares subject to the option vested on september 30, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
f12 1/60th of the shares subject to the option vested on january 1, 2017 and 1/60th of the shares subject to the option shall continue to vest each month thereafter.
f13 1/5th of the shares subject to the option vested and became exercisable on february 6, 2018 and 1/60th of the shares subject to the option shall vest each month thereafter.
f14 five percent (5%) of the restricted stock units awarded vested on february 20, 2017 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.
f15 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, november 20 of each year.
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