SEC Form 4 · accession 0000899243-15-004477
AEROHIVE NETWORKS, INC · HIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Ritchie
Officer — SVP, Chief Financial Officer
Period of report
Sep 1, 2015
Accepted (ET)
Sep 3, 2015 · 8:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001372414
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 1, 2015 | A | 130,000 | $0.00 | A | 130,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $6.09 | Sep 1, 2015 | A | 185,000 | A | — | Sep 1, 2025 | Common Stock | 185,000 | 185,000 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of Common Stock of Aerohive Networks. 25% of the shares will vest as of September 1, 2016, with the remaining shares vesting in equal quarterly installments thereafter (as of December 1, March 1, June 1 and September 1 of each year) through September 1, 2019, subject to the Reporting Person continuing as a service provider through each such date
- F2One fourth of the shares subject to the option vest on September 1, 2016 and one forty-eighth of the shares subject to the option vest monthly thereafter through September 1, 2019, subject to the Reporting Person continuing as a service provider through each such date.