Arista Networks, Inc. — Director's Dealing 2020

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2020-02-20

Reporting Person: Taxay Marc (SVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-20	Common Stock	M	250	$0.0	Acquired	5698	Direct
2020-02-20	Common Stock	M	600	$0.0	Acquired	6298	Direct
2020-02-20	Common Stock	M	600	$0.0	Acquired	6898	Direct
2020-02-20	Common Stock	M	312	$0.0	Acquired	7210	Direct
2020-02-20	Common Stock	F	611	$228.28	Disposed	6599	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-20	Restricted Stock Unit-2	$0.0	M	250	Disposed		Common Stock (250)	Direct
2020-02-20	Restricted Stock Unit-3	$0.0	M	600	Disposed		Common Stock (600)	Direct
2020-02-20	Restricted Stock Unit-4	$0.0	M	600	Disposed		Common Stock (600)	Direct
2020-02-20	Restricted Stock Unit-5	$0.0	M	312	Disposed		Common Stock (312)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.

F2: Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

F3: Six and one-quarter percent (6.25%) of the 4,000 restricted stock units awarded vested on February 20, 2017 and will continue to vest at a rate of six and one-quarter percent (6.25%) on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20 or November 20 of each year.

F4: Five percent (5%) of the 12,000 restricted stock units awarded vested on May 20, 2016 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20 or November 20 of each year.

F5: Five percent (5%) of the 12,000 restricted stock units awarded vested on February 20, 2018 and five percent (5%) of the award will continue to vest on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.

F6: Six and one-quarter percent (6.25%) of the 5,000 restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.