AEROHIVE NETWORKS, INC 4
4 · AEROHIVE NETWORKS, INC · Filed May 29, 2015
Insider Transaction Report
Form 4
MARSHALL FRANK
Director
Transactions
- Award
Common Stock
2015-05-27+23,295→ 185,580 total
Holdings
- 112,384(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]Each 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.
- [F2]45,000 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
- [F3]The shares are held by Big Basin Partners LP, for which the Reporting Person serves as a General Partner.