AEROHIVE NETWORKS, INC 4
4 · AEROHIVE NETWORKS, INC · Filed May 26, 2017
Insider Transaction Report
Form 4
MARSHALL FRANK
Director
Transactions
- Award
Common Stock
2017-05-24+30,823→ 237,843 total
Holdings
- 112,384(indirect: See Footnote)
Common Stock
Footnotes (2)
- [F1]Each restricted stock unit (RSU) 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 2018 Annual Meeting of Stockholders, or (c) upon a Change in Control (as that term is defined in the Company's 2014 Equity Incentive Plan).
- [F2]The shares are held by Big Basin Partners LP, for which the Reporting Person serves as a General Partner.