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 *
Northern Light Venture Capital, Ltd.
  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)
SUITE 1701, HUTCHISON HOUSE, 10 HARCOURT ROAD, CENTRAL
3. Date of Earliest Transaction (Month/Day/Year)
04/02/2014
(Street)

HONG KONG, K3 
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 04/02/2014   C   5,928,379 A (1) (2) 5,928,379 I See footnote (3)
Common Stock 04/02/2014   C   1,302,003 A (1) (4) 1,302,003 I See footnote (5)
Common Stock 04/02/2014   C   651,000 A (1) (6) 651,000 I See footnote (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
Series A Preferred Stock (1) 04/02/2014   C     2,168,410   (1)   (1) Common Stock 2,168,410 $ 0 0 D (3)  
Series A Preferred Stock (1) 04/02/2014   C     476,231   (1)   (1) Common Stock 476,231 $ 0 0 D (5)  
Series A Preferred Stock (1) 04/02/2014   C     238,115   (1)   (1) Common Stock 238,115 $ 0 0 D (7)  
Series B Preferred Stock (2) 04/02/2014   C     1,176,862   (2)   (2) Common Stock 1,321,380 $ 0 0 D (3)  
Series B Preferred Stock (4) 04/02/2014   C     258,465   (4)   (4) Common Stock 290,204 $ 0 0 D (5)  
Series B Preferred Stock (6) 04/02/2014   C     129,232   (6)   (6) Common Stock 145,101 $ 0 0 D (7)  
Series C Preferred Stock (1) 04/02/2014   C     2,066,353   (1)   (1) Common Stock 2,066,353 $ 0 0 D (3)  
Series C Preferred Stock (1) 04/02/2014   C     453,817   (1)   (1) Common Stock 453,817 $ 0 0 D (5)  
Series C Preferred Stock (1) 04/02/2014   C     226,908   (1)   (1) Common Stock 226,908 $ 0 0 D (7)  
Series D Preferred Stock (1) 04/02/2014   C     338,143   (1)   (1) Common Stock 338,143 $ 0 0 D (3)  
Series D Preferred Stock (1) 04/02/2014   C     74,264   (1)   (1) Common Stock 74,264 $ 0 0 D (5)  
Series D Preferred Stock (1) 04/02/2014   C     37,132   (1)   (1) Common Stock 37,132 $ 0 0 D (7)  
Series E Preferred Stock (1) 04/02/2014   C     34,093   (1)   (1) Common Stock 34,093 $ 0 0 D (3)  
Series E Preferred Stock (1) 04/02/2014   C     7,487   (1)   (1) Common Stock 7,487 $ 0 0 D (5)  
Series E Preferred Stock (1) 04/02/2014   C     3,744   (1)   (1) Common Stock 3,744 $ 0 0 D (7)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Northern Light Venture Capital, Ltd.
SUITE 1701, HUTCHISON HOUSE
10 HARCOURT ROAD, CENTRAL
HONG KONG, K3 
    X    
Northern Light Partners, L.P.
SUITE 1701, HUTCHISON HOUSE
10 HARCOURT ROAD, CENTRAL
HONG KONG, K3 
    X    
NORTHERN LIGHT VENTURE FUND L P
SUITE 1701, HUTCHISON HOUSE
10 HARCOURT ROAD, CENTRAL
HONG KONG, K3 
    X    
NORTHERN LIGHT STRATEGIC FUND L P
SUITE 1701, HUTCHISON HOUSE
10 HARCOURT ROAD, CENTRAL
HONG KONG, K3 
    X    
Northern Light Partners Fund, L.P.
SUITE 1701, HUTCHISON HOUSE
10 HARCOURT ROAD, CENTRAL
HONG KONG, K3 
    X    
Lee Jeffrey
SUITE 1701, HUTCHISON HOUSE
10 HARCOURT ROAD, CENTRAL
HONG KONG, K3 
    X    
DENG FENG
SUITE 1701, HUTCHISON HOUSE
10 HARCOURT ROAD, CENTRAL
HONG KONG, K3 
    X    
KE YAN
SUITE 1701, HUTCHISON HOUSE
10 HARCOURT ROAD, CENTRAL
HONG KONG, K3 
    X    

Signatures

 /s/ Jeffrey D. Lee, as director of Northern Light Venture Capital, Ltd.   04/03/2014
**Signature of Reporting Person Date

 /s/ Jeffrey D. Lee, as director of Northern Light Venture Capital, Ltd., the general partner of Northern Light Partners, L.P.   04/03/2014
**Signature of Reporting Person Date

 /s/ Jeffrey D. Lee, as director of Northern Light Venture Capital, Ltd., the general partner of Northern Light Partners, L.P. the general partner of Northern Light Venture Fund, L.P.   04/03/2014
**Signature of Reporting Person Date

 /s/ Jeffrey D. Lee, as director of Northern Light Venture Capital, Ltd., the general partner of Northern Light Partners, L.P. the general partner of Northern Light Strategic Fund, L.P.   04/03/2014
**Signature of Reporting Person Date

 /s/ Jeffrey D. Lee, as director of Northern Light Venture Capital, Ltd., the general partner of Northern Light Partners, L.P. the general partner of Northern Light Partners Fund, L.P.   04/03/2014
**Signature of Reporting Person Date

 /s/ Jeffrey D. Lee   04/03/2014
**Signature of Reporting Person Date

 /s/ Jeffrey D. Lee, by power of Attorney for Feng Deng   04/03/2014
**Signature of Reporting Person Date

 /s/ Jeffrey D. Lee, by power of Attorney for Yan Ke   04/03/2014
**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) The Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, and Series E Preferred Stock automatically converted into Common Stock on a one-for-one basis immediately prior to the closing of the Issuer's initial public offering of common stock and had no expiration date.
(2) 1,176,862 shares of Series B Preferred Stock automatically converted into 1,321,380 shares of Common Stock, on a 1.1228-for-one basis immediately prior to the closing of the Issuer's initial public offering of common stock and had no expiration date.
(3) Shares held directly by Northern Light Venture Fund, L.P. ("NLVF"). Northern Light Partners, L.P., the general partner of NLVF, and Northern Light Venture Capital, Ltd., the general partner of Northern Light Partners, L.P., may each be deemed to have sole voting and dispositive power over the shares held by NLVF. Feng Deng, Jeffrey D. Lee and Yan Ke are the directors of Northern Light Venture Capital, Ltd. and may be deemed to share voting and dispositive power over the shares held by NLVF. Such persons and entities disclaim beneficial ownership of shares held by NLVF, except to the extent of any pecuniary interest therein.
(4) 258,465 shares of Series B Preferred Stock automatically converted into 290,204 shares of Common Stock, on a 1.1228-for-one basis immediately prior to the closing of the Issuer's initial public offering of common stock and had no expiration date.
(5) Shares held directly by Northern Light Strategic Fund, L.P. ("NLSF"). Northern Light Partners, L.P., the general partner of NLSF, and Northern Light Venture Capital, Ltd., the general partner of Northern Light Partners, L.P., may each be deemed to have sole voting and dispositive power over the shares held by NLSF. Feng Deng, Jeffrey D. Lee and Yan Ke are the directors of Northern Light Venture Capital, Ltd. and may be deemed to share voting and dispositive power over the shares held by NLSF. Such persons and entities disclaim beneficial ownership of shares held by NLSF, except to the extent of any pecuniary interest therein.
(6) 129,232 shares of Series B Preferred Stock automatically converted into 145,101 shares of Common Stock, on a 1.1228-for-one basis immediately prior to the closing of the Issuer's initial public offering of common stock and had no expiration date.
(7) Shares held directly by Northern Light Partners Fund, L.P. ("NLPF"). Northern Light Partners, L.P., the general partner of NLPF, and Northern Light Venture Capital, Ltd., the general partner of Northern Light Partners, L.P., may each be deemed to have sole voting and dispositive power over the shares held by NLPF. Feng Deng, Jeffrey D. Lee and Yan Ke are the directors of Northern Light Venture Capital, Ltd. and may be deemed to share voting and dispositive power over the shares held by NLPF. Such persons and entities disclaim beneficial ownership of shares held by NLPF, except to the extent of any pecuniary interest therein.

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