PAYNE JOHN GORDON 4
4 · AEROHIVE NETWORKS, INC · Filed Aug 9, 2019
Insider Transaction Report
Form 4
PAYNE JOHN GORDON
Director
Transactions
- Disposition to Issuer
Common Stock
2019-08-09$4.45/sh−141,846$631,215→ 0 total - Disposition to Issuer
Stock Option (Right to buy)
2019-08-09−66,920→ 0 totalExercise: $10.00Exp: 2024-03-12→ Common Stock (66,920 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.