Arista Networks, Inc. — Director's Dealing 2019

Jul 23, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2019-07-19

Reporting Person: Sadana Anshul (SVP, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-19	Common Stock	M	958	$7.76	Acquired	2741	Direct
2019-07-19	Common Stock	M	800	$22.49	Acquired	3541	Direct
2019-07-19	Common Stock	M	3334	$30.67	Acquired	6875	Direct
2019-07-19	Common Stock	M	1666	$68.34	Acquired	8541	Direct
2019-07-19	Common Stock	M	666	$64.46	Acquired	9207	Direct
2019-07-19	Common Stock	M	834	$56.24	Acquired	10041	Direct
2019-07-19	Common Stock	S	3964	$280.3188	Disposed	6077	Direct
2019-07-19	Common Stock	S	4261	$281.533	Disposed	1816	Direct
2019-07-19	Common Stock	S	100	$282.06	Disposed	1716	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-19	Non-Qualified Stock Option (right to buy)	$7.76	M	958	Disposed	2023-04-18	Common Stock (958)	Direct
2019-07-19	Non-Qualified Stock Option (right to buy)	$22.49	M	800	Disposed	2024-01-12	Common Stock (800)	Direct
2019-07-19	Non-Qualified Stock Option (right to buy)	$30.67	M	3334	Disposed	2024-02-10	Common Stock (3334)	Direct
2019-07-19	Non-Qualified Stock Option (right to buy)	$56.24	M	834	Disposed	2026-02-11	Common Stock (834)	Direct
2019-07-19	Non-Qualified Stock Option (right to buy)	$64.46	M	666	Disposed	2025-09-10	Common Stock (666)	Direct
2019-07-19	Non-Qualified Stock Option (right to buy)	$68.34	M	1666	Disposed	2024-12-15	Common Stock (1666)	Direct

Footnotes

F1: The exercise and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2018.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.00 to $280.995, 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.00 to $281.61, 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: 1/4th of the 23,000 shares subject to the option vested and became exercisable on December 1, 2016 and 1/48th of the shares subject to the option shall vest monthly thereafter.

F5: 1/5th of the 24,000 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.

F6: 1/5th of the 100,000 shares subject to the option vested and became exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.

F7: 1/60th of the 25,000 shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.

F8: 1/5th of the 20,000 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.

F9: 1/5th of the 50,000 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.