Filing Details

Accession Number:
0001104659-18-073165
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-12-14 19:42:12
Reporting Period:
2018-12-12
Accepted Time:
2018-12-14 19:42:12
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1372414 Aerohive Networks Inc HIVE () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1185068 J Christopher Schaepe 2200 Sand Hill Road
Menlo Park CA 94025
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2018-12-12 628,277 $0.00 0 No 4 J Indirect By Lightspeed Venture Partners VII, L.P.
Common Stock Acquisiton 2018-12-12 130,678 $0.00 130,678 No 4 J Indirect By Lightspeed General Partner VII, L.P.
Common Stock Disposition 2018-12-12 130,678 $0.00 0 No 4 J Indirect By Lightspeed General Partner VII, L.P.
Common Stock Acquisiton 2018-12-12 19,145 $0.00 224,802 No 4 J Indirect By The Schaepe-Chiu Living Trust dated November 5, 1997
Common Stock Disposition 2018-12-13 5,094 $3.47 5,098 No 4 S Indirect By Lightspeed Venture Partners VIII, L.P.
Common Stock Disposition 2018-12-14 5,098 $3.45 0 No 4 S Indirect By Lightspeed Venture Partners VIII, L.P.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Indirect By Lightspeed Venture Partners VII, L.P.
No 4 J Indirect By Lightspeed General Partner VII, L.P.
No 4 J Indirect By Lightspeed General Partner VII, L.P.
No 4 J Indirect By The Schaepe-Chiu Living Trust dated November 5, 1997
No 4 S Indirect By Lightspeed Venture Partners VIII, L.P.
No 4 S Indirect By Lightspeed Venture Partners VIII, L.P.
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 124,195 Direct
Footnotes
  1. Represents in-kind distribution by Lightspeed VII without consideration to its partners (including LGP VII, the general partner of Lightspeed VII).
  2. Lightspeed Ultimate General Partner VII, Ltd. is the sole general partner of Lightspeed General Partner VII, L.P. ("LGP VII"), which is the sole general partner of Lightspeed Venture Partners VII, L.P. ("Lightspeed VII"). The individual directors of Lightspeed Ultimate General Partner VII, Ltd. are Christopher J. Schaepe, Barry Eggers, Ravi Mhatre and Peter Nieh. Messrs. Schaepe, Eggers, Mhatre, and Nieh disclaim their beneficial ownership of the shares except to the extent of their pecuniary interest therein.
  3. The shares are held of record by Lightspeed VII.
  4. The shares are held of record by LGP VII.
  5. Represents in-kind distribution by LGP VII without consideration to its partners (including Messrs. Schaepe, Eggers, Mhatre, and Nieh).
  6. The shares are held of record by The Schaepe-Chiu Living Trust Dated November 5, 1997, for which Christopher J. Schaepe serves as co-trustee.
  7. These sales were executed in multiple trades at prices ranging from $3.40 to $3.555. The price reported above reflects the weighted average sale price. Mr. Schaepe hereby undertakes to provide full information regarding the number of shares and prices at which these sales were effected, upon request, to the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer.
  8. Lightspeed Ultimate General Partner VIII, Ltd. is the sole general partner of Lightspeed General Partner VIII, L.P. ("LGP VIII"), which is the sole general partner of Lightspeed Venture Partners VIII, L.P. ("Lightspeed VIII"). The individual directors of Lightspeed Ultimate General Partner VIII, Ltd. are Christopher J. Schaepe, Barry Eggers, Ravi Mhatre and Peter Nieh. Messrs. Schaepe, Eggers, Mhatre, and Nieh disclaim their beneficial ownership of the shares except to the extent of their pecuniary interest therein.
  9. These sales were executed in multiple trades at prices ranging from $3.36 to $3.51. The price reported above reflects the weighted average sale price. Mr. Schaepe hereby undertakes to provide full information regarding the number of shares and prices at which these sales were effected, upon request, to the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer.
  10. Includes 30,352 restricted stock units (RSUs), each of which represents the right to receive, following vesting, one share of Common Stock of Aerohive Networks. 100% of the RSUs shall vest on the earlier of (a) the one-year anniversary of the grant date, (b) the date immediately preceding the Aerohive Networks 2019 Annual Meeting of Stockholders, subject to the Participant continuing through such date to be a Service Provider, or (c) upon a Change in Control (as that term is defined in the Company's 2014 Equity Incentive Plan).