13D Filing: Discovery Group I, LLC and Aerohive Networks Inc (HIVE)

Item 3 of the Schedule 13D is hereby amended to read in its entirety
as follows:

The total purchase price for the 2,551,879 shares of Common Stock
beneficially owned by the Reporting Persons as of May 31, 2017 was $16,866,373. The source of such funds was the assets of Discovery
Equity Partners, including proceeds of margin loans under margin loan facilities maintained in the ordinary course of business
by Discovery Equity Partners with a broker on customary terms and conditions. Discovery Equity Partners is the legal owner of all
of the Common Stock beneficially owned by Discovery Group.

Item 5 of the Schedule 13D is hereby amended to read in its entirety
as follows:

The information concerning percentages of ownership set forth below
is based on 52,840,074 shares of Common Stock outstanding as of April 28, 2017, as reported in the Company’s Quarterly Report
on Form 10-Q for the quarter ended March 31, 2017.

Discovery Equity Partners beneficially owns 2,551,879 shares of
Common Stock as of June 12, 2017, which represents 4.8% of the outstanding Common Stock.

Discovery Group beneficially owns 2,551,879 shares of Common Stock
as of June 12, 2017, which represents 4.8% of the outstanding Common Stock.