Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
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 (Month/Day/Year)
08/10/2018
(Street)

MENLO PARK, CA 94025
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 08/10/2018   J(1)   1,094,118 D (1) 6,282,707 I By Lightspeed Venture Partners VII, L.P. (2) (3)
Common Stock 08/10/2018   J(1)   227,580 A (1) 227,580 I By Lightspeed General Partner VII, L.P. (2) (4)
Common Stock 08/10/2018   J(5)   227,580 D (5) 0 I By Lightspeed General Partner VII, L.P. (2) (4)
Common Stock 08/10/2018   J(5)   33,343 A (5) 33,343 I By Barry Eggers Revocable Trust dtd 6/4/2008 (6)
Common Stock 08/10/2018   J(5)   34,071 A (5) 34,071 D (8)  
Common Stock 08/10/2018   J(5)   33,343 A (5) 33,343 D (9)  
Common Stock               10,192 I By Lightspeed Venture Partners VIII, L.P. (7)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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, CA 94025
    X    
Lightspeed General Partner VII, L.P.
2200 SAND HILL ROAD
MENLO PARK, CA 94025
    X    
Lightspeed Ultimate General Partner VII, Ltd.
2200 SAND HILL ROAD
MENLO PARK, CA 94025
    X    
LIGHTSPEED VENTURE PARTNERS VIII LP
2200 SAND HILL ROAD
MENLO PARK, CA 94025
    X    
Lightspeed General Partner VIII, L.P.
2200 SAND HILL ROAD
MENLO PARK, CA 94025
    X    
Lightspeed Ultimate General Partner VIII, Ltd.
2200 SAND HILL ROAD
MENLO PARK, CA 94025
    X    
Eggers Barry
2200 SAND HILL ROAD
MENLO PARK, CA 94025
    X    
Mhatre Ravi
2200 SAND HILL ROAD
MENLO PARK, CA 94025
    X    
Nieh Peter
2200 SAND HILL ROAD
MENLO PARK, CA 94025
    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   08/14/2018
**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   08/14/2018
**Signature of Reporting Person Date

 LIGHTSPEED ULTIMATE GENERAL PARTNER VII, LTD. By: /s/ Christopher J. Schaepe Duly Authorized Signatory   08/14/2018
**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   08/14/2018
**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   08/14/2018
**Signature of Reporting Person Date

 LIGHTSPEED ULTIMATE GENERAL PARTNER VIII, LTD. By: /s/ Christopher J. Schaepe Duly Authorized Signatory   08/14/2018
**Signature of Reporting Person Date

 /s/ Barry Eggers BARRY EGGERS   08/14/2018
**Signature of Reporting Person Date

 /s/ Ravi Mhatre RAVI MHATRE   08/14/2018
**Signature of Reporting Person Date

 /s/ Peter Nieh PETER NIEH   08/14/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(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. 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) 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.
(8) The Share are held by Ravi Mhatre
(9) The shares are held by Peter Y. Nieh

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