SEC Form 4 · accession 0001372414-18-000040
AEROHIVE NETWORKS, INC · HIVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Changming Liu
Director
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 5:57 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, 2018 | M | 3,750 | $0.00 | A | 218,859 | D | |
| Commnon StockF2 | holding | — | — | — | 1,150,400 | I | Liu-Wei Trust | |
| Common StockF3 | holding | — | — | — | 400,000 | I | Liu/wei 2012 Irrevocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF1 | $0.00 | Jun 1, 2018 | M | 3,750 | D | Jun 1, 2018 | Jun 1, 2020 | Common Stock | 3,750 | 7,500 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock. 50% of the shares subject to the grant became eligible to vest as of December 19, 2017, when the 20 trading-day, average trailing-closing-price for the Company's Common Stock as reported by NYSE exceeded $5.50 per share. Under the terms of the grant, such shares will be delivered to the Reporting Person in four equal installments as of each of March 1, June 1, September 1 and December 1, 2018, subject to the Reporting Person continuing as a service provider to the Company as of such respective dates.
- F2The shares are held by the Liu-Wei Trust, for which the Reporting Person serves as trustee.
- F3The shares are held by the Liu/Wei 2012 Irrevocable Descendants' Trust dated December 19, 2012, for which the Reporting Person's spouse serves as trustee.