FLYNN DAVID K. 4

Accession 0001372414-19-000068

CIK 0001372414other

Filed

Aug 8, 8:00 PM ET

Accepted

Aug 9, 1:52 PM ET

Size

24.8 KB

Accession

0001372414-19-000068

Form 4

Period: 2019-08-09

DirectorPresident and CEO

Transactions

Disposition to Issuer
Common Stock
2019-08-09$4.45/sh−905,403$4,029,043→ 0 total
Disposition to Issuer
Stock Option (Right to buy)
2019-08-09−213,488→ 0 total
Exercise: $2.05Exp: 2022-05-04→ Common Stock (213,488 underlying)
Disposition to Issuer
Stock Option (Right to buy)
2019-08-09−120,000→ 0 total
Exercise: $6.00Exp: 2023-06-11→ Common Stock (120,000 underlying)
Disposition to Issuer
Stock Option (Right to buy)
2019-08-09−200,000→ 0 total
Exercise: $6.26Exp: 2026-06-01→ Common Stock (200,000 underlying)
Exercise/Conversion
Performance Stock Units
2019-08-09−167,000→ 0 total
Exercise: $0.00Exp: 2021-06-01→ Common Stock (167,000 underlying)
Exercise/Conversion
Performance Stock Units
2019-08-09−55,000→ 0 total
Exercise: $0.00Exp: 2022-06-01→ Common Stock (55,000 underlying)
Disposition to Issuer
Stock Option (Right to buy)
2019-08-09−550,000→ 0 total
Exercise: $7.15Exp: 2025-06-01→ Common Stock (550,000 underlying)
Disposition to Issuer
Common Stock
2019-08-09$4.45/sh−1,345,427$5,987,150→ 0 total(indirect: By Trust)
Exercise/Conversion
Performance Stock Units
2019-08-09−55,000→ 0 total
Exercise: $0.00Exp: 2022-06-01→ Common Stock (55,000 underlying)
Disposition to Issuer
Stock Option (Right to buy)
2019-08-09−200,000→ 0 total
Exercise: $9.57Exp: 2023-10-07→ Common Stock (200,000 underlying)

Footnotes (6)

[F1]Each outstanding share of the Common Stock of the Issuer was converted into the right to receive $4.45 per share in cash, as described in the Agreement and Plan of Merger ("Merger Agreement") dated as of June 26, 2019, a copy of which is filed as Exhibit 2.1 to the Issuer's Form 8-K filed with the SEC on June 26, 2019.
[F2]Certain of these securities were restricted stock units ("RSUs") that represented the Reporting Person's right to receive Common Stock shares of the Issuer. The RSUs were cancelled and converted automatically into the right to receive cash, as described in the Merger Agreement.
[F3]Includes 2,018 shares the Reporting Person acquired on July 31, 2019 under the Aerohive Networks 2014 Employee Stock Purchase Plan.
[F4]The shares are held by David and Pamela Flynn co-ttees Flynn Living Trust dtd 07/22/99.
[F5]These securities were performance stock units ("PSUs") that represented the Reporting Person's right to receive Common Stock shares of the Issuer. The PSUs were cancelled and converted automatically into the right to receive cash, as described in the Merger Agreement.
[F6]Each outstanding option of the Issuer was either converted into the right to receive cash, or was cancelled without any cash payment or other consideration, as described in the Merger Agreement.

Documents

1 file

AEROHIVE NETWORKS, INC

CIK 0001372414

Entity typeother