0001372414-18-000013.txt : 20180305
0001372414-18-000013.hdr.sgml : 20180305
20180305204616
ACCESSION NUMBER: 0001372414-18-000013
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180301
FILED AS OF DATE: 20180305
DATE AS OF CHANGE: 20180305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DEBENHAM STEPHEN
CENTRAL INDEX KEY: 0001263745
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36355
FILM NUMBER: 18668412
MAIL ADDRESS:
STREET 1: 46897 BAYSIDE PARKWAY
CITY: FREMONT
STATE: CA
ZIP: 94638
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: 1011 MCCARTHY BOULEVARD
CITY: MILPITAS
STATE: CA
ZIP: 95035
BUSINESS PHONE: 408-510-6100
MAIL ADDRESS:
STREET 1: 1011 MCCARTHY BOULEVARD
CITY: MILPITAS
STATE: CA
ZIP: 95035
FORMER COMPANY:
FORMER CONFORMED NAME: AEROHIVE NETWORKS INC
DATE OF NAME CHANGE: 20060811
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2018-03-01
1
0001372414
AEROHIVE NETWORKS, INC
HIVE
0001263745
DEBENHAM STEPHEN
C/O AEROHIVE NETWORKS
1011 MCCARTHY BLVD.
MILPITAS
CA
95035
0
1
0
0
VP, Gen. Counsel & Secretary
Common Stock
2018-03-01
4
F
0
4861
4.35
D
224662
D
Common Stock
2018-03-01
4
M
0
17500
0
A
242162
D
Common Stock
2018-03-01
4
F
0
6622
4.35
D
235540
D
Common Stock
2018-03-01
4
M
0
15221
0
A
250761
D
Common Stock
2018-03-01
4
F
0
5180
4.35
D
245581
D
Common Stock
2018-03-01
4
M
0
5375
0
A
250956
D
Common Stock
2018-03-01
4
F
0
1859
4.35
D
249097
D
Performance Stock Units
0
2018-03-01
4
A
0
17500
0
A
2018-03-01
2018-03-01
Common Stock
17500
17500
D
Performance Stock Units
0
2018-03-01
4
M
0
17500
0
D
2018-03-01
2018-03-01
Common Stock
17500
0
D
Performance Stock Units
0
2018-03-01
4
A
0
15221
0
A
2018-03-01
2018-03-01
Common Stock
15221
15221
D
Performance Stock Units
0
2018-03-01
4
M
0
15221
0
D
2018-03-01
2018-03-01
Common Stock
15221
0
D
Performance Stock Units
0
2018-03-01
4
M
0
5375
0
D
2018-03-01
2020-06-01
Common Stock
5375
37625
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 the Company's estimate of the Reporting Person's minimum statutory tax withholding requirement arising from the vesting of such shares under previously reported awards of restricted stock units.
The shares subject to the performance-based RSU grant became eligible to vest as of March 1, 2018 based on the Company's achievement of GAAP revenue for its fiscal year 2017 relative to the Company's target revenue for the period, which target the Company's Board of Directors approved at its meeting on February 1, 2017.
50% of the shares subject to the grant became eligible to vest as of December 19, 2017, when the 20-day, average trailing-closing-price for the Company's Common Stock as reported by NYSE exceeded $5.50 per share. Under the terms of the grant, such shares will be delivered to the Reporting Person in four equal installments as of each of March 1, June 1, September 1 and December 1, 2018, subject to the Reporting Person continuing as a service provider to the Company as of such respective dates.
/s/ Steve Debenham
2018-03-05