4//SEC Filing
AEROHIVE NETWORKS, INC 4
Accession 0001372414-17-000041
CIK 0001372414operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 6:17 PM ET
Size
9.5 KB
Accession
0001372414-17-000041
Insider Transaction Report
Form 4
Wilburn Thomas J
SVP Worldwide Sales
Transactions
- Award
Common Stock
2017-06-01+65,000→ 338,335 total - Tax Payment
Common Stock
2017-06-01$4.99/sh−7,557$37,709→ 330,778 total - Award
Common Stock
2017-06-01+65,000→ 65,000 totalExercise: $0.00Exp: 2020-06-01→ Common Stock (65,000 underlying)
Footnotes (3)
- [F1]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, 2017 and the last quarterly vesting occurring as of June 1, 2020, subject to the Reporting Person continuing as a service provider through each such date.
- [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]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 per share of the Issuer's Common Stock.
Documents
Issuer
AEROHIVE NETWORKS, INC
CIK 0001372414
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001372414
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 6:17 PM ET
- Size
- 9.5 KB