Sec Form 4 Filing - Lightspeed Venture Partners VII, L.P. @ AEROHIVE NETWORKS, INC - 2018-08-30

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Lightspeed Venture Partners VII, L.P. 2. Issuer Name and Ticker or Trading Symbol AEROHIVE NETWORKS, INC [ HIVE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2200 SAND HILL ROAD 3. Date of Earliest Transaction (MM/DD/YY) 08/30/2018 (Street) MENLO PARK, CA94025 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 08/30/2018 J( 1 ) 628,270 D 4,397,897 I By Lightspeed Venture Partners VII, L.P. ( 2 ) ( 3 ) Common Stock 08/30/2018 J( 1 ) 130,679 A 130,679 I By Lightspeed General Partner VII, L.P. ( 2 ) ( 4 ) Common Stock 08/30/2018 J( 5 ) 130,679 D 0 I By Lightspeed General Partner VII, L.P. ( 2 ) ( 4 ) Common Stock 08/30/2018 J( 5 ) 19,146 A 90,781 I By Barry Eggers Revocable Trust dtd 6/4/2008 ( 6 ) Common Stock 08/30/2018 J( 5 ) 19,564 A 92,763 D ( 7 ) Common Stock 08/30/2018 J( 5 ) 19,146 A 90,781 D ( 8 ) Common Stock 10,192 I By Lightspeed Venture Partners VIII, L.P. ( 9 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Lightspeed Venture Partners VII, L.P. 2200 SAND HILL ROAD MENLO PARK, CA94025 X Lightspeed General Partner VII, L.P. 2200 SAND HILL ROAD MENLO PARK, CA94025 X Lightspeed Ultimate General Partner VII, Ltd. 2200 SAND HILL ROAD MENLO PARK, CA94025 X LIGHTSPEED VENTURE PARTNERS VIII LP 2200 SAND HILL ROAD MENLO PARK, CA94025 X Lightspeed General Partner VIII, L.P. 2200 SAND HILL ROAD MENLO PARK, CA94025 X Lightspeed Ultimate General Partner VIII, Ltd. 2200 SAND HILL ROAD MENLO PARK, CA94025 X Eggers Barry 2200 SAND HILL ROAD MENLO PARK, CA94025 X Mhatre Ravi 2200 SAND HILL ROAD MENLO PARK, CA94025 X Nieh Peter 2200 SAND HILL ROAD MENLO PARK, CA94025 X Signatures LIGHTSPEED VENTURE PARTNERS VII, L.P. By: Lightspeed General Partner VII, L.P., its general partner By: Lightspeed Ultimate General Partner VII, Ltd., its general partner By: /s/ Christopher J. Schaepe Duly Authorized Signatory 09/04/2018 Signature of Reporting Person Date LIGHTSPEED GENERAL PARTNER VII, L.P. By: Lightspeed Ultimate General Partner VII, Ltd., its general partner By: /s/ Christopher J. Schaepe Duly Authorized Signatory 09/04/2018 Signature of Reporting Person Date LIGHTSPEED ULTIMATE GENERAL PARTNER VII, LTD. By: /s/ Christopher J. Schaepe Duly Authorized Signatory 09/04/2018 Signature of Reporting Person Date LIGHTSPEED VENTURE PARTNERS VIII, L.P. By: Lightspeed General Partner VIII, L.P., its general partner By: Lightspeed Ultimate General Partner VIII, Ltd., its general partner By: /s/ Christopher J. Schaepe Duly Authorized Signatory 09/04/2018 Signature of Reporting Person Date LIGHTSPEED GENERAL PARTNER VIII, L.P. By: Lightspeed Ultimate General Partner VIII, Ltd., its general partner By: /s/ Christopher J. Schaepe Duly Authorized Signatory 09/04/2018 Signature of Reporting Person Date LIGHTSPEED ULTIMATE GENERAL PARTNER VIII, LTD. By: /s/ Christopher J. Schaepe Duly Authorized Signatory 09/04/2018 Signature of Reporting Person Date /s/ Barry Eggers 09/04/2018 Signature of Reporting Person Date /s/ Ravi Mhatre 09/04/2018 Signature of Reporting Person Date /s/ Peter Nieh 09/04/2018 Signature of Reporting Person Date

Explanation of Responses:

( 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 ext ent of their pecuniary interest therein. Mr. Schaepe is a director of the Issuer and files Section 16 reports separately. ( 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 Barry Eggers Revocable Trust dtd 6/4/2008, for which Barry Eggers serves as trustee. ( 7 )The shares are held of record by Ravi Mhatre. ( 8 )The shares are held of records by Peter Y. Nieh. ( 9 )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. Mr. Schaepe is a director of the Issuer and files Section 16 reports separately.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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