Arista Networks, Inc. — Director's Dealing 2020

Aug 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2020-08-10

Reporting Person: Duda Kenneth (CTO and SVP Software Eng.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-10	Common Stock	M	10000	$3.33	Acquired	16302	Direct
2020-08-10	Common Stock	S	3384	$222.8903	Disposed	12918	Direct
2020-08-10	Common Stock	S	3500	$223.6494	Disposed	9418	Direct
2020-08-10	Common Stock	S	1616	$224.6646	Disposed	7802	Direct
2020-08-10	Common Stock	S	500	$225.52	Disposed	7302	Direct
2020-08-10	Common Stock	S	400	$226.565	Disposed	6902	Direct
2020-08-10	Common Stock	S	400	$228.285	Disposed	6502	Direct
2020-08-10	Common Stock	S	200	$230.53	Disposed	6302	Direct
2020-08-10	Common Stock	S	231	$222.7063	Disposed	55783	Indirect
2020-08-10	Common Stock	S	190	$223.7842	Disposed	55593	Indirect
2020-08-10	Common Stock	S	175	$224.8191	Disposed	55418	Indirect
2020-08-10	Common Stock	S	70	$225.9004	Disposed	55348	Indirect
2020-08-10	Common Stock	S	76	$226.6661	Disposed	55272	Indirect
2020-08-10	Common Stock	S	90	$228.1422	Disposed	55182	Indirect
2020-08-10	Common Stock	S	4	$228.77	Disposed	55178	Indirect
2020-08-10	Common Stock	S	40	$230.446	Disposed	55138	Indirect
2020-08-10	Common Stock	S	57	$222.7156	Disposed	6093	Indirect
2020-08-10	Common Stock	S	48	$223.7648	Disposed	6045	Indirect
2020-08-10	Common Stock	S	45	$224.8911	Disposed	6000	Indirect
2020-08-10	Common Stock	S	16	$226.0244	Disposed	5984	Indirect
2020-08-10	Common Stock	S	17	$226.7159	Disposed	5967	Indirect
2020-08-10	Common Stock	S	23	$228.1561	Disposed	5944	Indirect
2020-08-10	Common Stock	S	1	$229.31	Disposed	5943	Indirect
2020-08-10	Common Stock	S	8	$230.4013	Disposed	5935	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-10	Non-Qualified Stock Option (right to buy)	$3.33	M	10000	Disposed	2021-10-03	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	273944	Indirect
Common Stock	273944	Indirect
Common Stock	86356	Indirect

Footnotes

F1: 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.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.21 to $223.20 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.22 to $224.20 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.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.24 to $225.16 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.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.28 to $226.12 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.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $226.48 to $226.64 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.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $228.03 to $228.47 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.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.36 to $230.7 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.

F9: 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.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 222.28 to 223.22 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.

F11: 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.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 223.31 to 224.25 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.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 224.33 to 225.32 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.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 225.33 to 226.27 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.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 226.33 to 227.02 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.

F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 227.71 to 228.55 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.

F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 228.74 to 228.84 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.

F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 230.36 to 230.72 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.

F19: 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.

F20: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.30 to $223.20 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.

F21: These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.

F22: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.30 to $224.23 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.

F23: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.35 to $225.34 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.

F24: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.40 to $226.39 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.

F25: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $226.50 to $226.98 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.

F26: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $227.64 to $228.47 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.

F27: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.36 to $230.69 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.

F28: Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.

F29: Reporting person is the trustee of the Kenneth Duda Annuity Trusts.

F30: These shares are held by a family trust for which the reporting person is a trustee.

F31: 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.