0001104659-15-026191.txt : 20150407 0001104659-15-026191.hdr.sgml : 20150407 20150407152533 ACCESSION NUMBER: 0001104659-15-026191 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150407 DATE AS OF CHANGE: 20150407 GROUP MEMBERS: BARRY EGGERS GROUP MEMBERS: CHRISTOPHER J. SCHAEPE GROUP MEMBERS: LIGHTSPEED GENERAL PARTNER VII, L.P. GROUP MEMBERS: LIGHTSPEED ULTIMATE GENERAL PARTNER VII, LTD. GROUP MEMBERS: PETER Y. NIEH GROUP MEMBERS: RAVI MHATRE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AEROHIVE NETWORKS, INC CENTRAL INDEX KEY: 0001372414 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 204524700 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88579 FILM NUMBER: 15756203 BUSINESS ADDRESS: STREET 1: 330 GIBRALTAR DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 408-510-6100 MAIL ADDRESS: STREET 1: 330 GIBRALTAR DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94089 FORMER COMPANY: FORMER CONFORMED NAME: AEROHIVE NETWORKS INC DATE OF NAME CHANGE: 20060811 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Lightspeed Venture Partners VII, L.P. CENTRAL INDEX KEY: 0001347126 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2200 SAND HILL RD CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 650-234-8300 MAIL ADDRESS: STREET 1: 2200 SAND HILL RD CITY: MENLO PARK STATE: CA ZIP: 94025 FORMER COMPANY: FORMER CONFORMED NAME: Lightspeed Venture Partners VII L.P. DATE OF NAME CHANGE: 20140325 FORMER COMPANY: FORMER CONFORMED NAME: Lightspeed Venture Partners VII LP DATE OF NAME CHANGE: 20051216 SC 13G 1 a15-8706_1sc13g.htm SC 13G

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No.  )*

 

Aerohive Networks, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

007786106

(CUSIP Number)

December 31, 2014

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No. 007786106

13 G

 

 

 

1

Names of Reporting Persons.
Lightspeed Venture Partners VII, L.P.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x (1)

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 shares

 

6

Shared Voting Power
7,376,825 shares (2)

 

7

Sole Dispositive Power
0 shares

 

8

Shared Dispositive Power
7,376,825 shares (2)

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
7,376,825 shares (2)

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
16.0% (3)

 

 

12

Type of Reporting Person
PN

 


(1)         This Schedule 13G is filed by Lightspeed Venture Partners VII, L.P., a Cayman Islands exempted limited partnership (“Lightspeed VII”), Lightspeed General Partner VII, L.P., a Cayman Islands exempted limited partnership (“LGP VII”), Lightspeed Ultimate General Partner VII, Ltd., a Cayman Islands exempted company (“LUGP VII”), Barry Eggers (“Eggers”), Ravi Mhatre (“Mhatre”), Peter Y. Nieh (“Nieh”) and Christopher J. Schaepe (“Schaepe” and together with Lightspeed VII, LGP VII, LUGP VII, Eggers, Mhatre and Nieh, collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         LUGP VII serves as the sole general partner of LGP VII, which serves as the sole general partner of Lightspeed VII.  Eggers, Mhatre, Nieh and Schaepe are directors of LUGP VII and share voting and dispositive power over the shares held by Lightspeed VII; however, they disclaim beneficial ownership of the shares held by Lightspeed VII except to the extent of their pecuniary interests therein.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2014.

(3)         This percentage is calculated based upon 45,916,028 shares of Common Stock outstanding as of November 1, 2014 as indicated in the Issuer’s Form 10-Q filed on November 13, 2014.

 

2



 

CUSIP No. 007786106

13 G

 

 

 

1

Names of Reporting Persons.
Lightspeed General Partner VII, L.P.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x (1)

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 shares

 

6

Shared Voting Power
7,376,825 shares  (2)

 

7

Sole Dispositive Power
0 shares

 

8

Shared Dispositive Power
7,376,825 shares  (2)

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
7,376,825 shares of Common Stock (2)

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
16.0% (3)

 

 

12

Type of Reporting Person
PN

 


(1)         This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         LUGP VII serves as the sole general partner of LGP VII, which serves as the sole general partner of Lightspeed VII.  Eggers, Mhatre, Nieh and Schaepe are directors of LGP VII and share voting and dispositive power over the shares held by Lightspeed VII; however, they disclaim beneficial ownership of the shares held by Lightspeed VII except to the extent of their pecuniary interests therein.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2014.

(3)         This percentage is calculated based upon 45,916,028 shares of Common Stock outstanding as of November 1, 2014 as indicated in the Issuer’s Form 10-Q filed on November 13, 2014.

 

3



 

CUSIP No. 007786106

13 G

 

 

 

1

Names of Reporting Persons.
Lightspeed Ultimate General Partner VII, Ltd.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x (1)

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 shares

 

6

Shared Voting Power
7,376,825 shares (2)

 

7

Sole Dispositive Power
0 shares

 

8

Shared Dispositive Power
7,376,825 shares (2)

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
7,376,825 shares (2)

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
16.0% (3)

 

 

12

Type of Reporting Person
OO

 


(1)         This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         LUGP VII serves as the sole general partner of LGP VII, which serves as the sole general partner of Lightspeed VII.  Eggers, Mhatre, Nieh and Schaepe are directors of LGP VII and share voting and dispositive power over the shares held by Lightspeed VII; however, they disclaim beneficial ownership of the shares held by Lightspeed VII except to the extent of their pecuniary interests therein.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2014.

(3)         This percentage is calculated based upon 45,916,028 shares of Common Stock outstanding as of November 1, 2014 as indicated in the Issuer’s Form 10-Q filed on November 13, 2014.

 

4



 

CUSIP No. 007786106

13 G

 

 

 

1

Names of Reporting Persons.
Barry Eggers

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x (1)

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 shares

 

6

Shared Voting Power
7,376,825 shares (2)

 

7

Sole Dispositive Power
0 shares

 

8

Shared Dispositive Power
7,376,825 shares (2)

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
7,376,825 shares (2)

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
16.0% (3)

 

 

12

Type of Reporting Person
IN

 


(1)         This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         LUGP VII serves as the sole general partner of LGP VII, which serves as the sole general partner of Lightspeed VII. Eggers, Mhatre, Nieh and Schaepe are directors of LGP VII and share voting and dispositive power over the shares held by Lightspeed VII; however, they disclaim beneficial ownership of the shares held by Lightspeed VII except to the extent of their pecuniary interests therein.  The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2014.

(3)         This percentage is calculated based upon 45,916,028 shares of Common Stock outstanding as of November 1, 2014 as indicated in the Issuer’s Form 10-Q filed on November 13, 2014.

 

5



 

CUSIP No. 007786106

13 G

 

 

 

1

Names of Reporting Persons.
Ravi Mhatre

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x (1)

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 shares

 

6

Shared Voting Power
7,376,825 shares (2)

 

7

Sole Dispositive Power
0 shares

 

8

Shared Dispositive Power
7,376,825 shares (2)

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
7,376,825 shares (2)

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
16.0% (3)

 

 

12

Type of Reporting Person
IN

 


(1)         This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         LUGP VII serves as the sole general partner of LGP VII, which serves as the sole general partner of Lightspeed VII. Eggers, Mhatre, Nieh and Schaepe are directors of LGP VII and share voting and dispositive power over the shares held by Lightspeed VII; however, they disclaim beneficial ownership of the shares held by Lightspeed VII except to the extent of their pecuniary interests therein. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2014.

(3)         This percentage is calculated based upon 45,916,028 shares of Common Stock outstanding as of November 1, 2014 as indicated in the Issuer’s Form 10-Q filed on November 13, 2014.

 

6



 

CUSIP No. 007786106

13 G

 

 

 

1

Names of Reporting Persons.
Peter Y. Nieh

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x (1)

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 shares

 

6

Shared Voting Power
7,376,825 shares (2)

 

7

Sole Dispositive Power
0 shares

 

8

Shared Dispositive Power
7,376,825 shares (2)

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
7,376,825 shares (2)

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
16.0% (3)

 

 

12

Type of Reporting Person
IN

 


(1)         This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         LUGP VII serves as the sole general partner of LGP VII, which serves as the sole general partner of Lightspeed VII. Eggers, Mhatre, Nieh and Schaepe are directors of LGP VII and share voting and dispositive power over the shares held by Lightspeed VII; however, they disclaim beneficial ownership of the shares held by Lightspeed VII except to the extent of their pecuniary interests therein. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2014.

(3)         This percentage is calculated based upon 45,916,028 shares of Common Stock outstanding as of November 1, 2014 as indicated in the Issuer’s Form 10-Q filed on November 13, 2014.

 

7



 

CUSIP No. 007786106

13 G

 

 

 

1

Names of Reporting Persons.
Christopher J. Schaepe

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x (1)

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
7,376,825 shares (2)

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
7,376,825 shares (2)

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
7,376,825 shares (2)

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row 9
16.0% (3)

 

 

12

Type of Reporting Person
IN

 


(1)         This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

(2)         LUGP VII serves as the sole general partner of LGP VII, which serves as the sole general partner of Lightspeed VII. Eggers, Mhatre, Nieh and Schaepe are directors of LGP VII and share voting and dispositive power over the shares held by Lightspeed VII; however, they disclaim beneficial ownership of the shares held by Lightspeed VII except to the extent of their pecuniary interests therein. The information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2014.

(3)         This percentage is calculated based upon 45,916,028 shares of Common Stock outstanding as of November 1, 2014 as indicated in the Issuer’s Form 10-Q filed on November 13, 2014.

 

8



 

Introductory Note: This Statement on Schedule 13G (this “Statement”) is filed on behalf of the Reporting Persons, in respect of shares of Common Stock, par value $0.001 per share (“Common Stock”), of Aerohive Networks, Inc. (the “Issuer”).  This Statement is intended to supersede that Statement on Schedule 13G, filed on February 13, 2015, on behalf of Lightspeed Venture Partners VIII, L.P., Lightspeed General Partner VIII, L.P., Lightspeed Ultimate General Partner VIII, Ltd., Barry Eggers, Ravi Mhatre, Peter Y. Nieh and Christopher J. Schaepe (the “Lightspeed VIII Statement”), which filing erroneously reported the Common Stock reflected in this Statement as being directly held by Lightspeed Venture Partners VIII, L.P. (rather than Lightspeed Venture Partners VII, L.P.).  The number of shares of the Issuer’s Common Stock reported as beneficially owned in this Statement is identical to the number reflected in the Lightspeed VIII Statement.

 

Item 1

 

(a)

Name of Issuer:
Aerohive Networks, Inc.

 

 

Address of Issuer’s Principal Executive Offices:
330 Gibraltar Drive
Sunnyvale, California 94089

 

Item 2

 

(a)

Name of Person(s) Filing:
Lightspeed Venture Partners VII, L.P. (“Lightspeed VII”)
Lightspeed General Partner VII, L.P. (“LGP VII”)
Lightspeed Ultimate General Partner VII, Ltd. (“LUGP VII”)
Barry Eggers (“Eggers”)
Ravi Mhatre (“Mhatre”)
Peter Y. Nieh (“Nieh”)
Christopher J. Schaepe (“Schaepe”)

 

(b)

Address of Principal Business Office:
c/o Lightspeed Venture Partners
2200 Sand Hill Road
Menlo Park, CA 94025

 

(b)

Citizenship:
Entities:         Lightspeed VII - Cayman Islands
                      LGP VII - Cayman Islands
                      LUGP VII - Cayman Islands

 

Individuals:   Eggers  - United States of America
                      Mhatre - United States of America
                      Nieh     - United States of America
                     Schaepe - United States of America

 

(d)

Title of Class of Securities:
Common Stock

 

(e)

CUSIP Number:
007786106

 

Item 3

Not applicable.

 

9



 

Item 4                                                            Ownership.

 

The following information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2014:

 

Reporting Persons (1)

 

Shares Held
Directly

 

Sole Voting
Power

 

Shared
Voting
Power

 

Sole
Dispositive
Power

 

Shared
Dispositive
Power

 

Beneficial
Ownership

 

Percentage
of Class (2)

 

Lightspeed VII

 

7,376,825

 

 

7,376,825

 

 

7,376,825

 

7,376,825

 

16.0

%

LGP VII

 

 

 

7,376,825

 

 

7,376,825

 

7,376,825

 

16.0

%

LUGP VII

 

 

 

7,376,825

 

 

7,376,825

 

7,376,825

 

16.0

%

Eggers

 

 

 

7,376,825

 

 

7,376,825

 

7,376,825

 

16.0

%

Mhatre

 

 

 

7,376,825

 

 

7,376,825

 

7,376,825

 

16.0

%

Nieh

 

 

 

7,376,825

 

 

7,376,825

 

7,376,825

 

16.0

%

Schaepe

 

 

 

7,376,825

 

 

7,376,825

 

7,376,825

 

16.0

%

 


(1)         The shares are held by Lightspeed VII.  Eggers, Mhatre, Nieh and Schaepe are directors of LUGP VII and share voting and dispositive power over the shares held by Lightspeed VII; however, they disclaim beneficial ownership of the shares held by Lightspeed VII except to the extent of their pecuniary interests therein.

(2)         This percentage is calculated based upon 45,916,028 shares of Common Stock outstanding as of November 1, 2014 as indicated in the Issuer’s From 10-Q filed on November 13, 2014.

 

Item 5                                    Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following:      ¨

 

Item 6                                    Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7                                    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

 

Not applicable.

 

Item 8                                    Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9                                    Notice of Dissolution of Group.

 

Not applicable.

 

10



 

Item 10                             Certification.

 

Not applicable.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: April 7, 2015

 

 

Lightspeed Venture Partners VII, L.P.

 

By:

Lightspeed General Partner VII, L.P.

 

Its:

General Partner

 

 

 

 

By:

Lightspeed Ultimate General Partner VII, Ltd.

 

Its:

General Partner

 

 

 

 

By:

/s/ Christopher J. Schaepe

 

 

Authorized Representative

 

 

 

 

 

 

 

Lightspeed General Partner VII, L.P.

 

 

 

 

By:

Lightspeed Ultimate General Partner VII, Ltd.

 

Its:

General Partner

 

 

 

 

By:

/s/ Christopher J. Schaepe

 

 

Authorized Representative

 

 

 

 

Lightspeed Ultimate General Partner VII, Ltd.

 

 

 

 

By:

/s/ Christopher J. Schaepe

 

 

Authorized Representative

 

 

 

 

By:

/s/ Barry Eggers

 

 

Barry Eggers

 

 

 

 

By:

/s/ Ravi Mhatre

 

 

Ravi Mhatre

 

 

 

 

By:

/s/ Peter Y. Nieh

 

 

Peter Y. Nieh

 

 

 

 

By:

/s/ Christopher J. Schaepe

 

 

Christopher J. Schaepe

 

 

11



 

Exhibit(s):

 

A - Joint Filing Statement

 

12



 

EXHIBIT A

 

JOINT FILING STATEMENT

 

We, the undersigned, hereby express our agreement that the attached Schedule 13G (or any amendments thereto) relating to the Common Stock of Aerohive Networks, Inc. is filed on behalf of each of us.

 

Dated: April 7, 2015

 

 

Lightspeed Venture Partners VII, L.P.

 

By:

Lightspeed General Partner VII, L.P.

 

Its:

General Partner

 

 

 

 

By:

Lightspeed Ultimate General Partner VII, Ltd.

 

Its:

General Partner

 

 

 

 

By:

/s/ Christopher J. Schaepe

 

 

Authorized Representative

 

 

 

 

 

 

 

Lightspeed General Partner VII, L.P.

 

 

 

 

By:

Lightspeed Ultimate General Partner VII, Ltd.

 

Its:

General Partner

 

 

 

 

By:

/s/ Christopher J. Schaepe

 

 

Authorized Representative

 

 

 

 

Lightspeed Ultimate General Partner VII, Ltd.

 

 

 

 

By:

/s/ Christopher J. Schaepe

 

 

Authorized Representative

 

 

 

 

By:

/s/ Barry Eggers

 

 

Barry Eggers

 

 

 

 

By:

/s/ Ravi Mhatre

 

 

Ravi Mhatre

 

 

 

 

By:

/s/ Peter Y. Nieh

 

 

Peter Y. Nieh

 

 

 

 

By:

/s/ Christopher J. Schaepe

 

 

Christopher J. Schaepe

 

 

13