Arista Networks, Inc. 4
4 · Arista Networks, Inc. · Filed Feb 17, 2017
Insider Transaction Report
Form 4
Smith Mark Stephen
SVP WW Sales Operations
Transactions
- Sale
Common Stock
2017-02-15$100.43/sh−3,752$376,831→ 64,348 total(indirect: By Trust) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2017-02-15−5,000→ 75,000 totalExercise: $4.18Exp: 2022-12-26→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2017-02-15$4.18/sh+5,000$20,900→ 68,100 total(indirect: By Trust) - Sale
Common Stock
2017-02-15$101.02/sh−1,248$126,072→ 63,100 total(indirect: By Trust)
Holdings
- 1,620
Common Stock
Footnotes (6)
- [F1]The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 11, 2016, and amended on June 2, 2016.
- [F2]These shares are held by a family trust for which the reporting person is a co-trustee.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.79 to $100.78, 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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.79 to $101.25, 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.
- [F5]1/5th of the 300,000 shares subject to the option shall vest and become exercisable on December 3, 2013 and 1/60th of the shares subject to the option shall vest each month thereafter.
- [F6]Number of shares beneficially owned reflects the cancellation of 50,000 non-qualified stock options due to termination of reporting officer.