Cisco 300 Series Administration Manual page 296

Managed switch
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If the IP address on the device is changed, the device issues gratuitous ARP
packets to the corresponding VLAN to check IP address collisions. This rule
also applies when the device reverts to the default IP address.
The system status LED changes to solid green when a new unique IP
address is received from the DHCP server. If a static IP address has been
set, the system status LED also changes to solid green. The LED flashes
when the device is acquiring an IP address and is currently using the factory
default IP address 192. 1 68. 1 .254.
The same rules apply when a client must renew the lease, prior to its
expiration date through a DHCPREQUEST message.
With factory default settings, when no statically-defined or DHCP-acquired
IP address is available, the default IP address is used. When the other IP
addresses become available, the addresses are automatically used. The
default IP address is always on the management VLAN.
Layer 3 IP Addressing
In Layer 3 system mode, the device can have multiple IP addresses. Each IP
address can be assigned to specified ports, LAGs, or VLANs. These IP addresses
are configured in the IPv4 Interface and IPv6 Interfaces pages in Layer 3 system
mode. This provides more network flexibility than the Layer 2 system mode, in
which only a single IP address can be configured. Operating in Layer 3 system
mode, the device can be reached at all its IP addresses from the corresponding
interfaces.
A predefined, default route is not provided in Layer 3 system mode. To remotely
manage the device, a default route must be defined. All DHCP-assigned default
gateways are stored as default routes. In addition, you can manually define default
routes. This is defined in the IPv4 Static Routes and IPv6 Routes pages.
All the IP addresses configured or assigned to the device are referred to as
Management IP addresses in this guide.
If the pages for Layer 2 and Layer 3 are different, both versions are displayed.
Cisco Small Business 200, 300 and 500 Series Managed Switch Administration Guide (Internal Version)
IP Configuration
Overview

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