AEROHIVE NETWORKS, INC 4
4 · AEROHIVE NETWORKS, INC · Filed Mar 3, 2017
Insider Transaction Report
Form 4
Liu Changming
Director
Transactions
- Award
Common Stock
2017-03-01$5.17/sh+12,964$67,024→ 193,833 total - Tax Payment
Common Stock
2017-03-01$4.63/sh−7,197$33,322→ 186,636 total
Holdings
- 400,000(indirect: See footnote)
Common Stock
- 1,150,400(indirect: See footnote)
Common Stock
Footnotes (4)
- [F1]The 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.
- [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 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.
- [F3]The shares are held by the Liu-Wei Trust, for which the Reporting Person serves as trustee.
- [F4]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.