Filing Details
- Accession Number:
- 0001596532-16-000356
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-11-23 17:05:18
- Reporting Period:
- 2016-11-21
- Filing Date:
- 2016-11-23
- Accepted Time:
- 2016-11-23 17:05:18
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1596532 | Arista Networks Inc. | ANET | Computer Communications Equipment (3576) | 201751121 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1672685 | Marc Taxay | 5453 Great America Parkway Santa Clara CA 95054 | Svp And General Counsel | No | Yes | No | No |
Transaction Summary
| Sold: | 8,000 shares | Avg. Price: $90.00 | Total Value: $720,000.00 |
| Number of Shares After Transactions: | 7,080 shares | ||
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2016-11-21 | 1,500 | $0.00 | 7,575 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-11-21 | 600 | $0.00 | 8,175 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-11-21 | 1,095 | $94.48 | 7,080 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-11-21 | 7,083 | $7.76 | 14,163 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-11-21 | 917 | $22.49 | 15,080 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-11-21 | 8,000 | $90.00 | 7,080 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2016-11-21 | 7,083 | $0.00 | 7,083 | $7.76 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2016-11-21 | 917 | $0.00 | 917 | $22.49 |
| Common Stock | Restricted Stock Unit-1 | Disposition | 2016-11-21 | 1,500 | $0.00 | 1,500 | $0.00 |
| Common Stock | Restricted Stock Unit-3 | Disposition | 2016-11-21 | 600 | $0.00 | 600 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,917 | 2023-04-18 | No | 4 | M | Direct | |
| 9,083 | 2024-01-12 | No | 4 | M | Direct | |
| 15,000 | No | 4 | M | Direct | ||
| 10,200 | No | 4 | M | Direct |
Footnotes
- Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 13, 2016.
- 1/4th of the 10,000 shares subject to the option shall vest and become exercisable on December 1, 2014 and 1/48th of the shares subject to the option shall vest each month thereafter.
- 1/5th of the 10,000 shares subject to the option shall vest and become exercisable on May 1, 2016 and 1/60th of the shares subject to the option shall vest each month thereafter.
- The reporting person was granted 24,000 restricted stock units on April 21, 2015. Twenty-five percent (25%) of the restricted stock units vested on May 20, 2016 and will continue to vest at a rate of six and one-quarter percent (6.25%) 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.
- The reporting person was granted 12,000 restricted stock units on April 8, 2016. Five percent (5%) of the restricted stock units vested on May 20, 2016 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.
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