0001372414-19-000014.txt : 20190305 0001372414-19-000014.hdr.sgml : 20190305 20190305173124 ACCESSION NUMBER: 0001372414-19-000014 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190301 FILED AS OF DATE: 20190305 DATE AS OF CHANGE: 20190305 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DEBENHAM STEPHEN CENTRAL INDEX KEY: 0001263745 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36355 FILM NUMBER: 19659787 MAIL ADDRESS: STREET 1: 46897 BAYSIDE PARKWAY CITY: FREMONT STATE: CA ZIP: 94638 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 2019-03-01 0001372414 AEROHIVE NETWORKS, INC HIVE 0001263745 DEBENHAM STEPHEN C/O AEROHIVE NETWORKS 1011 MCCARTHY BLVD. MILPITAS CA 95035 0 1 0 0 VP, Gen. Counsel & Secretary Common Stock 2019-03-01 4 F 0 6298 5.09 D 289838 D Common Stock 2019-03-01 4 M 0 2336 0 A 292174 D Common Stock 2019-03-01 4 F 0 807 5.09 D 291367 D Common Stock 2019-03-04 4 S 0 12960 4.7338 D 278407 D Performance Stock Units 0 2019-03-01 4 A 0 2336 0 A 2019-03-01 2019-03-01 Common Stock 2336 2336 D Performance Stock Units 0 2019-03-01 4 M 0 2336 0 D 2019-03-01 2019-03-01 Common Stock 2336 0 D 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. The shares subject to the performance-based RSU grant became eligible to vest as of March 1, 2019 based on the Company's achievement of GAAP revenue for its fiscal year 2018 relative to the Company's target revenue for the period, which target the Company's Board of Directors approved at its meeting on January 30, 2018. This transaction was made pursuant to a plan intended to comply with rule 10b5-1(c) previously entered into on August 22, 2018. Price represents the weighted average sale price for the transaction reported. Price range of shares sold is $4.59 through $5.06. Reporting person undertakes to provide upon request by the SEC staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. /s/ Steve Debenham 2019-03-05