0001372414-16-000079.txt : 20160603
0001372414-16-000079.hdr.sgml : 20160603
20160603193539
ACCESSION NUMBER: 0001372414-16-000079
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160601
FILED AS OF DATE: 20160603
DATE AS OF CHANGE: 20160603
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AEROHIVE NETWORKS, INC
CENTRAL INDEX KEY: 0001372414
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 204524700
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 330 GIBRALTAR DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
BUSINESS PHONE: 408-510-6100
MAIL ADDRESS:
STREET 1: 330 GIBRALTAR DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
FORMER COMPANY:
FORMER CONFORMED NAME: AEROHIVE NETWORKS INC
DATE OF NAME CHANGE: 20060811
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FLYNN DAVID K.
CENTRAL INDEX KEY: 0001250321
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36355
FILM NUMBER: 161697223
MAIL ADDRESS:
STREET 1: C/O AEROHIVE NETWORKS, INC.
STREET 2: 330 GIBRALTAR DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
FORMER NAME:
FORMER CONFORMED NAME: FLYNN DAVID
DATE OF NAME CHANGE: 20030628
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-06-01
0001372414
AEROHIVE NETWORKS, INC
HIVE
0001250321
FLYNN DAVID K.
C/O AEROHIVE NETWORKS, INC.
330 GIBRALTAR DRIVE
SUNNYVALE
CA
94089
0
1
0
0
SVP Worldwide Sales
Common Stock
2016-06-01
4
F
0
7751
6.26
D
55374
D
Common Stock
2016-06-01
4
A
0
100000
0
A
159742
D
Common Stock
1385427
I
See footnote
Common Stock
0
2016-06-01
4
A
0
100000
0
A
2019-06-01
Common Stock
100000
100000
D
Employee Stock Option
6.26
2016-06-01
4
A
0
200000
0
A
2026-06-01
Common Stock
200000
200000
D
In an exempt disposition to the Issuer under rule 16b-3(e), the Issuer withheld shares otherwise to be delivered to the Reporting Person in connection with the satisfaction of tax withholding obligations arising out of the vesting of previously reported restricted stock units, or RSUs.
Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock.The shares will vest ratably in twelve equal quarterly installments as of March 1, June 1, September 1, and December 1 of each year, with the first quarterly vesting occurring as of September 1, 2016 and the last quarterly vesting occurring as of June 1, 2019, subject to the Reporting Person continuing as a service provider through each such date.
Includes 4,368 shares the Reporting Person acquired on June 1, 2016 under the Aerohive Networks 2014 Employee Stock Purchase Plan.
Shares were moved from direct ownership to the David and Pamela Flynn co-ttees Flynn Living Trust dtd 07/22/99 in the amount of 1,345,427.
The shares are held by David and Pamela Flynn co-ttees Flynn Living Trust dtd 07/22/99.
Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock.The performance-based award is subject to achievement of specified stock price appreciation goals based on the trailing 20-day average closing share price of the Issuer's Common Stock.
The shares subject to each award will vest ratably in 36 equal monthly installments, with the first monthly vesting occurring as of July 1, 2016 and the last monthly vesting occurring as of June 1, 2019, subject to the Reporting Person continuing as a service provider through each such date.
/s/ Steve Debenham, by power of attorney
2016-06-03