Jive Software, Inc. Form 4 Filed 2017-05-17

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 ^*

ZINGALE ANTHONY

2. Issuer Name and Ticker or Trading Symbol
Jive Software, Inc. [JIVE]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
Chairman

(Last)

(First)

(Middle)

C/O JIVE SOFTWARE, INC., 300 ORCHARD CITY DRIVE, SUITE 100

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2017

(Street)

CAMPBELL, CA 95008

(City)

(State)

(Zip)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2017		M		547,361	A	$1.75	599,380	D
Common Stock	05/15/2017		S⁽¹⁾		377,667	D	$5.303⁽²⁾	221,713	D
Common Stock								110,000	I	See footnote⁽³⁾
Common Stock								34	I	See footnote⁽⁴⁾
Common Stock								2,000	I	See footnote⁽⁵⁾

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 Securities Underlying Derivative Security (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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$1.75

05/15/2017

547,361

⁽⁶⁾

06/02/2017

Common Stock

547,361

$ 0

0 ⁽⁷⁾

Explanation of Responses:

1.	This was a "sell to cover" transaction to cover tax withholding obligations and does not represent a discretionary trade by the Reporting Person.
2.	This is the weighted average sale price of the shares sold, which ranged from $5.30 to $5.325 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
3.	Shares held by The Anthony Zingale CRUT UA DTD 12/16/2012, for which the Reporting Person serves as the trustee and beneficiary.
4.	Shares held by The Anthony Zingale Living Trust, for which the Reporting Person serves as the trustee and beneficiary.
5.	Shares held by The Sam Maxwell Zingale Trust U/A DTD 12-11-00, for which the Reporting Person serves as a co-trustee.
6.	The shares underlying the option were fully vested and exercisable.
7.	Reflects the transfer of options pursuant to the terms of a marital settlement agreement.

	Signatures
	/s/ Lisa Jurinka, by power of attorney	05/17/2017
	** Signature of Reporting Person	Date
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