SEC Form 4 · accession 0001209191-15-049646
AEROHIVE NETWORKS, INC · HIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David O. Greene
Officer — SVP, Chief Marketing Officer
Period of report
Jun 1, 2015
Accepted (ET)
Jun 3, 2015 · 4:46 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 | Jun 1, 2015 | F | 4,698 | $7.15 | D | 85,346 | D | |
| Common StockF2,F3 | Jun 1, 2015 | A | 120,000 | $0.00 | A | 207,809 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In an exempt disposition to the Issuer under rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of previously reported restricted stock units, or RSUs.
- F2Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of Common Stock of Aerohive Networks. The shares will vest ratably in sixteen equal quarterly installments as of September 1, December 1, March 1, and June 1 of each year, with the first quarterly vesting occurring as of September 1, 2015 and the last quarterly vesting occurring as of June 1, 2019, subject to the Reporting Person continuing as a service provider through each such date.
- F3Includes 2,463 shares acquired on June 1, 2015 under the Aerohive Networks 2014 Employee Stock Purchase Plan.