SEC Form 4 · accession 0001372414-17-000009
AEROHIVE NETWORKS, INC · HIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Debenham
Officer — VP, Gen. Counsel & Secretary
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:19 pm EST
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 | Mar 1, 2017 | A | 13,890 | $5.17 | A | 204,055 | D | |
| Common StockF2 | Mar 1, 2017 | F | 9,447 | $4.63 | D | 194,608 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares, subject to a performance-based restricted stock unit award, vested on March 1, 2017 based on the Company's attainment of fiscal year 2016 revenue relative to the Company's operating target for the period, as previously established by the Company's Board of Directors.
- F2In 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.