Arista Networks, Inc. — Director's Dealing 2019

Nov 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2019-11-01

Reporting Person: Taxay Marc (SVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-01	Common Stock	M	167	$22.49	Acquired	11396	Direct
2019-11-01	Common Stock	M	166	$68.34	Acquired	11562	Direct
2019-11-01	Common Stock	M	167	$30.67	Acquired	11729	Direct
2019-11-01	Common Stock	M	166	$64.46	Acquired	11895	Direct
2019-11-01	Common Stock	M	166	$56.24	Acquired	12061	Direct
2019-11-01	Common Stock	M	250	$65.01	Acquired	12311	Direct
2019-11-01	Common Stock	S	200	$174.05	Disposed	12111	Direct
2019-11-01	Common Stock	S	100	$174.85	Disposed	12011	Direct
2019-11-01	Common Stock	S	100	$177.11	Disposed	11911	Direct
2019-11-01	Common Stock	S	300	$178.9567	Disposed	11611	Direct
2019-11-01	Common Stock	S	100	$179.79	Disposed	11511	Direct
2019-11-01	Common Stock	S	400	$182.335	Disposed	11111	Direct
2019-11-01	Common Stock	S	100	$183.4	Disposed	11011	Direct
2019-11-01	Common Stock	S	275	$184.8082	Disposed	10736	Direct
2019-11-01	Common Stock	S	300	$185.9733	Disposed	10436	Direct
2019-11-01	Common Stock	S	125	$187.758	Disposed	10311	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-01	Non-Qualified Stock Option (right to buy)	$22.49	M	167	Disposed	2024-01-12	Common Stock (167)	Direct
2019-11-01	Non-Qualified Stock Option (right to buy)	$30.67	M	167	Disposed	2024-02-10	Common Stock (167)	Direct
2019-11-01	Non-Qualified Stock Option (right to buy)	$56.24	M	166	Disposed	2026-02-11	Common Stock (166)	Direct
2019-11-01	Non-Qualified Stock Option (right to buy)	$64.46	M	166	Disposed	2025-09-10	Common Stock (166)	Direct
2019-11-01	Non-Qualified Stock Option (right to buy)	$65.01	M	250	Disposed	2026-04-07	Common Stock (250)	Direct
2019-11-01	Non-Qualified Stock Option (right to buy)	$68.34	M	166	Disposed	2024-12-15	Common Stock (166)	Direct

Footnotes

F1: The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 14, 2018.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.59 to $174.51, 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 $178.66 to $179.15, 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 $181.91 to $182.71, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $184.63 to $185.03, 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.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.84 to $186.07, 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.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $187.15 to $187.91, 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.

F8: 1/5th of the 10,000 shares subject to the option vested and became exercisable on May 1, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.

F9: 1/60th of the 10,000 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.

F10: 1/5th of the 10,000 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.

F11: 1/60th of the 15,000 shares subject to the option vested and became exercisable on April 28, 2016 and 1/60th of the shares subject to the option shall vest monthly thereafter.

F12: 1/5th of the 10,000 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.