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MarketScreener Homepage  >  Equities  >  Nyse  >  Arista Networks, Inc.    ANET

ARISTA NETWORKS, INC.

(ANET)
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Description:Statement of Changes in Beneficial Ownership

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09/15/2020 | 10:55am EDT

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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or

Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number: 3235-0287 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person *

2. Issuer Name and Ticker or Trading Symbol

5. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

Duda Kenneth

Arista Networks, Inc. [ ANET ]

_____ Director

_____ 10% Owner

(Last)

(First)

(Middle)

3. Date of Earliest Transaction (MM/DD/YYYY)

__X__ Officer (give title below)

_____ Other (specify below)

5453 GREAT AMERICA PARKWAY

9/10/2020

CTO and SVP Software Eng.

(Street)

4. If Amendment, Date Original Filed (MM/DD/YYYY) 6. Individual or Joint/Group Filing (Check Applicable Line)

SANTA CLARA, CA 95054

_X _ Form filed by One Reporting Person

(City)

(State)

(Zip)

___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security

2. Trans. Date

2A. Deemed

3. Trans. Code

4. Securities Acquired (A) or

5. Amount of Securities Beneficially Owned

6.

7. Nature of

(Instr. 3)

Execution

(Instr. 8)

Disposed of (D)

Following Reported Transaction(s)

Ownership

Indirect

Date, if any

(Instr. 3, 4 and 5)

(Instr. 3 and 4)

Form:

Beneficial

Direct (D)

Ownership

or Indirect

(Instr. 4)

(A) or

(I) (Instr.

Code

V

Amount

(D)

Price

4)

Common Stock

9/10/2020

M(1)

10000

A

$3.33

17310

D

Common Stock

9/10/2020

S(1)

2497

D

$206.5654 (2)

14813

D

Common Stock

9/10/2020

S(1)

1612

D

$207.7306 (3)

13201

D

Common Stock

9/10/2020

S(1)

2118

D

$208.6182 (4)

11083

D

Common Stock

9/10/2020

S(1)

1163

D

$209.6092 (5)

9920

D

Common Stock

9/10/2020

S(1)

306

D

$210.9014 (6)

9614

D

Common Stock

9/10/2020

S(1)

900

D

$211.7178 (7)

8714

D

Common Stock

9/10/2020

S(1)

1004

D

$212.94 (8)

7710

D

Common Stock

9/10/2020

S(1)

300

D

$214.07 (9)

7410

D

Common Stock

9/10/2020

S(1)

100

D

$215.19

7310

D

Common Stock

9/10/2020

S

(10)

92

D

$208.4193

(11)

55046

I

By Childrens'

Trust (12)

Common Stock

9/10/2020

S

(10)

249

D

$209.3529

(13)

54797

I

By Childrens'

Trust (12)

Common Stock

9/10/2020

S

(10)

36

D

$210.2214

(14)

54761

I

By Childrens'

Trust (12)

Common Stock

9/10/2020

S

(10)

176

D

$211.4799

(15)

54585

I

By Childrens'

Trust (12)

Common Stock

9/10/2020

S

(10)

129

D

$212.5174

(16)

54456

I

By Childrens'

Trust (12)

Common Stock

9/10/2020

S

(10)

138

D

$213.2947

(17)

54318

I

By Childrens'

Trust (12)

Common Stock

9/10/2020

S

(10)

45

D

$214.4464

(18)

54273

I

By Childrens'

Trust (12)

Common Stock

9/10/2020

S

(10)

9

D

$215.0789

(19)

54264

I

By Childrens'

Trust (12)

Common Stock

9/10/2020

S

(20)

21

D

$208.3552

(21)

22914

I

By

Foundation (22)

Common Stock

9/10/2020

S

(20)

68

D

$209.3604

(23)

22846

I

By

Foundation (22)

Common Stock

9/10/2020

S

(20)

13

D

$210.6592

(24)

22833

I

By

Foundation (22)

Common Stock

9/10/2020

S

(20)

48

D

$211.7625

(25)

22785

I

By

Foundation (22)

Common Stock

9/10/2020

S

(20)

47

D

$212.9983

(26)

22738

I

By

Foundation (22)

Common Stock

9/10/2020

S

(20)

9

D

$214.0322

(27)

22729

I

By

Foundation (22)

Common Stock

9/10/2020

S

(20)

9

D

$214.8322

(28)

22720

I

By

Foundation (22)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security

2. Trans. Date

2A. Deemed

3. Trans. Code

4. Securities Acquired (A) or

5. Amount of Securities Beneficially Owned

6.

7. Nature of

(Instr. 3)

Execution

(Instr. 8)

Disposed of (D)

Following Reported Transaction(s)

Ownership

Indirect

Date, if any

(Instr. 3, 4 and 5)

(Instr. 3 and 4)

Form:

Beneficial

Direct (D)

Ownership

or Indirect

(Instr. 4)

(A) or

(I) (Instr.

Code

V

Amount

(D)

Price

4)

Common Stock

273944

I

By GRAT

JD (29)

Common Stock

273944

I

By GRAT

KD (30)

Common Stock

59856

I

by Trust (31)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivate

2.

3. Trans.

3A. Deemed

4. Trans.

5. Number of

6. Date Exercisable and

7. Title and Amount of

8. Price of

9. Number of

10.

11. Nature

Security

Conversion

Date

Execution

Code

Derivative Securities

Expiration Date

Securities Underlying

Derivative

derivative

Ownership

of Indirect

(Instr. 3)

or Exercise

Date, if any

(Instr. 8)

Acquired (A) or

Derivative Security

Security

Securities

Form of

Beneficial

Price of

Disposed of (D)

(Instr. 3 and 4)

(Instr. 5)

Beneficially

Derivative

Ownership

Derivative

(Instr. 3, 4 and 5)

Owned

Security:

(Instr. 4)

Security

Amount or

Following

Direct (D)

Date

Expiration

Reported

or Indirect

Code

V

(A)

(D)

Exercisable

Date

Title

Number of

Transaction(s)

(I) (Instr.

Shares

(Instr. 4)

4)

Non-Qualified

M (1)

(32)

Common

Stock Option

$3.33

9/10/2020

10000

10/3/2021

10000

$0.0

50000

D

Stock

(right to buy)

Explanation of Responses:

  1. The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 4, 2020.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $206.03 to $207.02 inclusive. The reporting person undertakes to provide 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 $207.17 to $208.16 inclusive. The reporting person undertakes to provide 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 $208.20 to $209.16 inclusive. The reporting person undertakes to provide 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 $209.26 to $210.10 inclusive. The reporting person undertakes to provide 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.45 to $211.41 inclusive. The reporting person undertakes to provide 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.
  7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.46 to $212.29 inclusive. The reporting person undertakes to provide 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.
  8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.50 to $213.38 inclusive. The reporting person undertakes to provide 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.
  9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.74 to $214.50 inclusive. The reporting person undertakes to provide 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.
  10. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person's children on December 9, 2019.
  11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.85 to $208.84 inclusive. The reporting person undertakes to provide 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.
  12. These shares are held in multiple trusts for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
  13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.85 to $209.82 inclusive. The reporting person undertakes to provide 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.
  14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $209.85 to $210.64 inclusive. The reporting person undertakes to provide 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.
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.86 to $211.82 inclusive. The reporting person undertakes to provide 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.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.90 to $212.84 inclusive. The reporting person undertakes to provide 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 $212.92 to $213.90 inclusive. The reporting person undertakes to provide 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 $213.97 to $214.73 inclusive. The reporting person undertakes to provide 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 $214.97 to $215.22 inclusive. The reporting person undertakes to provide 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. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 12, 2019 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
  7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.77 to $208.76 inclusive. The reporting person undertakes to provide 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.
  8. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
  9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.84 to $209.82 inclusive. The reporting person undertakes to provide 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.
  10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.26 to $211.16 inclusive. The reporting person undertakes to provide 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.
  11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.41 to $212.38 inclusive. The reporting person undertakes to provide 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.
  12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.45 to $213.38 inclusive. The reporting person undertakes to provide 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.
  13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.58 to $214.50 inclusive. The reporting person undertakes to provide 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.
  14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.62 to $215.11 inclusive. The reporting person undertakes to provide 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.
  15. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
  16. Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
  17. These shares are held by a family trust for which the reporting person is co-trustee.
  18. 1/4th of the 100,000 shares subject to the option vested and became exercisable on September 30, 2013 and 1/48th of the shares subject to the option vested each month thereafter.

Reporting Owners

Reporting Owner Name / Address

Relationships

Director

10% Owner

Officer

Other

Duda Kenneth

5453 GREAT AMERICA PARKWAY

CTO and SVP Software Eng.

SANTA CLARA, CA 95054

Signatures

By: Isabelle Bertin-Bailly,Attorney-in-Fact For: Kenneth Duda

9/14/2020

**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.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Arista Networks Inc. published this content on 14 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 13:54:07 UTC


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Financials (USD)
Sales 2020 2 251 M - -
Net income 2020 606 M - -
Net cash 2020 2 658 M - -
P/E ratio 2020 27,5x
Yield 2020 -
Capitalization 15 879 M 15 879 M -
EV / Sales 2020 5,87x
EV / Sales 2021 4,94x
Nbr of Employees 2 300
Free-Float 71,7%
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Technical analysis trends ARISTA NETWORKS, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 242,96 $
Last Close Price 208,87 $
Spread / Highest target 42,2%
Spread / Average Target 16,3%
Spread / Lowest Target -29,1%
EPS Revisions
Managers
NameTitle
Jayshree V. Ullal President, Chief Executive Officer & Director
Andy Bechtolsheim Chairman & Chief Development Officer
Anshul Sadana Chief Operating Officer & Senior Vice President
Ita M. Brennan CFO, Chief Accounting Officer & SVP
Kenneth Duda Chief Technology Officer, SVP-Software Engineering
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