SEC Form 4 · accession 0001104659-18-056052
AEROHIVE NETWORKS, INC · HIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Schaepe
Director
Period of report
Sep 6, 2018
Accepted (ET)
Sep 10, 2018 · 6:30 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,F2,F3 | Sep 6, 2018 | J | 628,270 | — | D | 3,769,627 | I | By Lightspeed Venture Partners VII, L.P. |
| Common StockF1,F2,F4 | Sep 6, 2018 | J | 130,679 | — | A | 130,679 | I | By Lightspeed General Partner VII, L.P. |
| Common StockF5,F2,F4 | Sep 6, 2018 | J | 130,679 | — | D | 0 | I | By Lightspeed General Partner VII, L.P. |
| Common StockF5,F6 | Sep 6, 2018 | J | 19,146 | — | A | 109,927 | I | By The Schaepe-Chiu Living Trust dated November 5, 1997 |
| Common StockF7 | holding | — | — | — | 124,195 | D | ||
| Common StockF8 | holding | — | — | — | 10,192 | I | By Lightspeed Venture Partners VIII, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents in-kind distribution by Lightspeed VII without consideration to its partners (including LGP VII, the general partner of Lightspeed VII).
- F2Lightspeed Ultimate General Partner VII, Ltd. is the sole general partner of Lightspeed General Partner VII, L.P. ("LGP VII"), which is the sole general partner of Lightspeed Venture Partners VII, L.P. ("Lightspeed VII"). The individual directors of Lightspeed Ultimate General Partner VII, Ltd. are Christopher J. Schaepe, Barry Eggers, Ravi Mhatre and Peter Nieh. Messrs. Schaepe, Eggers, Mhatre, and Nieh disclaim their beneficial ownership of the shares except to the extent of their pecuniary interest therein.
- F3The shares are held of record by Lightspeed VII.
- F4The shares are held of record by LGP VII.
- F5Represents in-kind distribution by LGP VII without consideration to its partners (including Messrs. Schaepe, Eggers, Mhatre, and Nieh).
- F6The shares are held of record by The Schaepe-Chiu Living Trust Dated November 5, 1997, for which Christopher J. Schaepe serves as co-trustee.
- F7Includes 30,352 restricted stock units (RSUs), each of which represents the right to receive, following vesting, one share of Common Stock of Aerohive Networks. 100% of the RSUs shall vest on the earlier of (a) the one-year anniversary of the grant date, (b) the date immediately preceding the Aerohive Networks 2019 Annual Meeting of Stockholders, subject to the Participant continuing through such date to be a Service Provider, or (c) upon a Change in Control (as that term is defined in the Company's 2014 Equity Incentive Plan).
- F8Lightspeed Ultimate General Partner VIII, Ltd. is the sole general partner of Lightspeed General Partner VIII, L.P. ("LGP VIII"), which is the sole general partner of Lightspeed Venture Partners VIII, L.P. ("Lightspeed VIII"). The individual directors of Lightspeed Ultimate General Partner VIII, Ltd. are Christopher J. Schaepe, Barry Eggers, Ravi Mhatre and Peter Nieh. Messrs. Schaepe, Eggers, Mhatre, and Nieh disclaim their beneficial ownership of the shares except to the extent of their pecuniary interest therein.