0001372414-19-000059.txt : 20190604 0001372414-19-000059.hdr.sgml : 20190604 20190604182053 ACCESSION NUMBER: 0001372414-19-000059 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190601 FILED AS OF DATE: 20190604 DATE AS OF CHANGE: 20190604 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ritchie John CENTRAL INDEX KEY: 0001356228 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36355 FILM NUMBER: 19878021 MAIL ADDRESS: STREET 1: 303 VELOCITY WAY CITY: FOSTER CITY STATE: X1 ZIP: 94404 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 2019-06-01 0001372414 AEROHIVE NETWORKS, INC HIVE 0001356228 Ritchie John C/O AEROHIVE NETWORKS 1011 MCCARTHY BLVD. MILPITAS CA 95035 0 1 0 0 SVP, CFO & COO Common Stock 2019-06-01 4 F 0 9785 3.40 D 498506 D Common Stock 2019-06-01 4 A 0 139000 0 A 637506 D Performance Stock Units 0 2019-06-01 4 A 0 34750 0 A 2022-06-01 Common Stock 34750 34750 D Performance Stock Units 0 2019-06-01 4 A 0 34750 0 A 2022-06-01 Common Stock 34750 34750 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. Includes 3685 shares the Reporting Person acquired on June 1, 2019 under the Aerohive Networks 2014 Employee Stock Purchase Plan 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. 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. /s/ Steve Debenham by power of attorney 2019-06-04