4//SEC Filing
FLYNN DAVID K. 4
Accession 0001372414-19-000057
CIK 0001372414other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 6:19 PM ET
Size
12.8 KB
Accession
0001372414-19-000057
Insider Transaction Report
Form 4
FLYNN DAVID
DirectorPresident and CEO
Transactions
- Award
Performance Stock Units
2019-06-01+55,000→ 55,000 totalExercise: $0.00Exp: 2022-06-01→ Common Stock (55,000 underlying) - Tax Payment
Common Stock
2019-06-01$3.40/sh−9,641$32,779→ 358,873 total - Award
Common Stock
2019-06-01+110,000→ 468,873 total - Award
Performance Stock Units
2019-06-01+55,000→ 55,000 totalExercise: $0.00Exp: 2022-06-01→ Common Stock (55,000 underlying)
Holdings
- 1,345,427(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]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.
- [F2]Includes 5000 shares the Reporting Person acquired on June 1, 2019 under the Aerohive Networks 2014 Employee Stock Purchase Plan
- [F3]Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock. The shares subject to the grant 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, 2019 and the last quarterly vesting occurring as of June 1, 2022, subject to the Reporting Person continuing as a service provider to the Company as of such respective dates.
- [F4]The shares are held by David and Pamela Flynn co-ttees Flynn Living Trust dtd 07/22/99.
- [F5]Each restricted stock unit (RSU) represents the contingent right to receive, following vesting, one share of the Issuer's Common Stock. The market-based award is subject to achievement of a specified stock price appreciation goal based on the 20 trading-day, average trailing-closing- price per share of the Issuer's Common Stock.
Documents
Issuer
AEROHIVE NETWORKS, INC
CIK 0001372414
Entity typeother
Related Parties
1- filerCIK 0001250321
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 6:19 PM ET
- Size
- 12.8 KB