0001372414-19-000068.txt : 20190809
0001372414-19-000068.hdr.sgml : 20190809
20190809135224
ACCESSION NUMBER: 0001372414-19-000068
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190809
FILED AS OF DATE: 20190809
DATE AS OF CHANGE: 20190809
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FLYNN DAVID K.
CENTRAL INDEX KEY: 0001250321
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36355
FILM NUMBER: 191012450
MAIL ADDRESS:
STREET 1: C/O AEROHIVE NETWORKS, INC.
STREET 2: 330 GIBRALTAR DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94089
FORMER NAME:
FORMER CONFORMED NAME: FLYNN DAVID
DATE OF NAME CHANGE: 20030628
ISSUER:
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: CA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1011 MCCARTHY BOULEVARD
CITY: MILPITAS
STATE: CA
ZIP: 95035
BUSINESS PHONE: 408-510-6100
MAIL ADDRESS:
STREET 1: 1011 MCCARTHY BOULEVARD
CITY: MILPITAS
STATE: CA
ZIP: 95035
FORMER COMPANY:
FORMER CONFORMED NAME: AEROHIVE NETWORKS INC
DATE OF NAME CHANGE: 20060811
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2019-08-09
0001372414
AEROHIVE NETWORKS, INC
HIVE
0001250321
FLYNN DAVID K.
C\O AEROHIVE NETWORKS
1011 MCCARTHY BLVD.
MILPITAS
CA
95035
1
1
0
0
President, CEO & Director
Common Stock
2019-08-09
4
D
0
905403
4.45
D
0
D
Common Stock
2019-08-09
4
D
0
1345427
4.45
D
0
I
Flynn Living Trust
Performance Stock Units
0
2019-08-09
4
M
0
167000
0
D
2021-06-01
Common Stock
167000
0
D
Performance Stock Units
0
2019-08-09
4
M
0
55000
0
D
2022-06-01
Common Stock
55000
0
D
Performance Stock Units
0
2019-08-09
4
M
0
55000
0
D
2022-06-01
Common Stock
55000
0
D
Stock Option (Right to buy)
2.05
2019-08-09
4
D
0
213488
0
D
2022-05-04
Common Stock
213488
0
D
Stock Option (Right to buy)
6.00
2019-08-09
4
D
0
120000
0
D
2023-06-11
Common Stock
120000
0
D
Stock Option (Right to buy)
9.575
2019-08-09
4
D
0
200000
0
D
2023-10-07
Common Stock
200000
0
D
Stock Option (Right to buy)
7.15
2019-08-09
4
D
0
550000
0
D
2025-06-01
Common Stock
550000
0
D
Stock Option (Right to buy)
6.26
2019-08-09
4
D
0
200000
0
D
2026-06-01
Common Stock
200000
0
D
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.
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.
Includes 2,018 shares the Reporting Person acquired on July 31, 2019 under the Aerohive Networks 2014 Employee Stock Purchase Plan.
The shares are held by David and Pamela Flynn co-ttees Flynn Living Trust dtd 07/22/99.
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.
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.
/s/ Steve Debenham by power of attorney
2019-08-09