SEC Form 4 · accession 0001209191-15-047970
AEROHIVE NETWORKS, INC · HIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Marshall
Director
Period of report
May 27, 2015
Accepted (ET)
May 29, 2015 · 4:18 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 | May 27, 2015 | A | 23,295 | $0.00 | A | 185,580 | D | |
| Common StockF3 | holding | — | — | — | 112,384 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit (RSU) 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 or (b) the date immediately preceding the Aerohive Networks 2016 annual meeting of stockholders.
- F245,000 of the shares are subject to a repurchase option, which will lapse as to 3,000 shares on July 14, 2014 and each month thereafter
- F3The shares are held by Big Basin Partners LP, for which the Reporting Person serves as a General Partner.