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
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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 | 92 | D | $208.4193 | 55046 | I | By Childrens' | ||||||||
Trust (12) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 249 | D | $209.3529 | 54797 | I | By Childrens' | ||||||||
Trust (12) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 36 | D | $210.2214 | 54761 | I | By Childrens' | ||||||||
Trust (12) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 176 | D | $211.4799 | 54585 | I | By Childrens' | ||||||||
Trust (12) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 129 | D | $212.5174 | 54456 | I | By Childrens' | ||||||||
Trust (12) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 138 | D | $213.2947 | 54318 | I | By Childrens' | ||||||||
Trust (12) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 45 | D | $214.4464 | 54273 | I | By Childrens' | ||||||||
Trust (12) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 9 | D | $215.0789 | 54264 | I | By Childrens' | ||||||||
Trust (12) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 21 | D | $208.3552 | 22914 | I | By | ||||||||
Foundation (22) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 68 | D | $209.3604 | 22846 | I | By | ||||||||
Foundation (22) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 13 | D | $210.6592 | 22833 | I | By | ||||||||
Foundation (22) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 48 | D | $211.7625 | 22785 | I | By | ||||||||
Foundation (22) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 47 | D | $212.9983 | 22738 | I | By | ||||||||
Foundation (22) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 9 | D | $214.0322 | 22729 | I | By | ||||||||
Foundation (22) | ||||||||||||||||
Common Stock | 9/10/2020 | S | 9 | D | $214.8322 | 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) | Common | |||||||||||||
Stock Option | $3.33 | 9/10/2020 | 10000 | 10/3/2021 | 10000 | $0.0 | 50000 | D | |||||||
Stock | |||||||||||||||
(right to buy) | |||||||||||||||
Explanation of Responses:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
- Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
- These shares are held by a family trust for which the reporting person is co-trustee.
- 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).
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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