SEC Form 4 · accession 0001372414-17-000027
AEROHIVE NETWORKS, INC · HIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Schaepe
Director · 10% Owner
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 5:02 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 | May 24, 2017 | A | 30,823 | $0.00 | A | 93,843 | D | |
| Common StockF2 | holding | — | — | — | 10,192 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 7,376,825 | 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, (b) the date immediately preceding the Aerohive Networks 2018 Annual Meeting of Stockholders, or (c) upon a Change in Control (as that term is defined in the Company's 2014 Equity Incentive Plan).
- F2The shares are owned by Lightspeed Venture Partners VIII, L.P. ("LVPVIII"). The Reporting Person is a director of Lightspeed Ultimate General Partner VIII, Ltd., the sole general partner of Lightspeed General Partner VIII, L.P., which is the sole general partner of LVPVIII. The Reporting Person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purposes.
- F3The shares are owned by Lightspeed Venture Partners VII, L.P. ("LVPVII"). The Reporting Person is a director of Lightspeed Ultimate General Partner VII, Ltd., the sole general partner of Lightspeed General Partner VII, L.P., which is the sole general partner of LVPVII. The Reporting Person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report hall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.