0001372414-18-000038.txt : 20180605
0001372414-18-000038.hdr.sgml : 20180605
20180605175620
ACCESSION NUMBER: 0001372414-18-000038
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180601
FILED AS OF DATE: 20180605
DATE AS OF CHANGE: 20180605
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: 18882420
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
2018-06-01
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
2018-06-01
4
F
0
4304
3.96
D
249466
D
Common Stock
2018-06-01
4
A
0
63500
0
A
312966
D
Common Stock
2018-06-01
4
M
0
5375
0
A
318341
D
Common Stock
2018-06-01
4
F
0
1859
3.96
D
316482
D
Performance Stock Units
0
2018-06-01
4
M
0
5375
0
D
2018-06-01
2020-06-01
Common Stock
5375
32250
D
Performance Stock Units
0
2018-06-01
4
A
0
31500
0
A
2021-06-01
Common Stock
31500
31500
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 a previously reported award of restricted stock units.
Includes 4,673 shares the Reporting Person acquired on June 1, 2018 under the Aerohive Networks 2014 Employee Stock Purchase Plan.
Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock. The shares subject to the grant 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, 2018 and the last quarterly vesting occurring as of June 1, 2021, subject to the Reporting Person continuing as a service provider to the Company as of such respective dates.
Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock. 50% of the shares subject to the grant became eligible to vest as of December 19, 2017, when the 20 trading-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.
Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock. The market-based award is subject to achievement of a specified stock price appreciation goal based on the 20 trading-day, average trailing-closing- price per share of the Issuer's Common Stock.
/s/ Steve Debenham
2018-06-05