4//SEC Filing
AEROHIVE NETWORKS, INC 4
Accession 0001372414-16-000080
CIK 0001372414operating
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 7:39 PM ET
Size
13.8 KB
Accession
0001372414-16-000080
Insider Transaction Report
Form 4
Liu Changming
Director
Transactions
- Award
Common Stock
2016-06-01+20,000→ 184,917 total - Award
Common Stock
2016-06-01+20,000→ 20,000 totalExercise: $0.00Exp: 2019-06-01→ Common Stock (20,000 underlying) - Tax Payment
Common Stock
2016-06-01$6.26/sh−2,544$15,925→ 159,917 total - Award
Employee Stock Option
2016-06-01+40,000→ 40,000 totalExercise: $6.26Exp: 2026-06-01→ Common Stock (40,000 underlying)
Holdings
- 400,000(indirect: See footnote)
Common Stock
- 1,150,400(indirect: See footnote)
Common Stock
Footnotes (7)
- [F1]The shares are held by the Liu-Wei Trust, for which the Reporting Person serves as trustee.
- [F2]In 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 tax withholding obligations arising out of the vesting of previously reported restricted stock units, or RSUs..
- [F3]Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock.The shares will vest ratably in twelve equal quarterly installments as of March 1, June 1, September 1, and December 1 of each year, with the first quarterly vesting occurring as of September 1, 2016 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.
- [F4]Includes 5,000 shares the Reporting Person acquired on June 1, 2016 under the Aerohive Networks 2014 Employee Stock Purchase Plan.
- [F5]The 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.
- [F6]Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock.The performance-based award is subject to achievement of specified stock price appreciation goals based on the trailing 20-day average closing share price of the Issuer's Common Stock.
- [F7]The shares subject to each award will vest ratably in 36 equal monthly installments, with the first monthly vesting occurring as of July 1, 2016 and the last monthly vesting occurring as of June 1, 2019, subject to the Reporting Person continuing as a service provider through each such date.
Documents
Issuer
AEROHIVE NETWORKS, INC
CIK 0001372414
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001372414
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 7:39 PM ET
- Size
- 13.8 KB