When you run this command, while checking the Connected option of Network adapter in Edit Settings of virtual machine:
tail -f /var/log/hostd.log | grep -i virtual_machine_name
Where virtual_machine_name is the name of the virtual machine, such as spvs55
You see entries similar to:
<YYYY-MM-DD>T<time>.935Z [3D080B90 info 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx' opID=20DD2982-000006AB] State Transition (VM_STATE_ON -> VM_STATE_RECONFIGURING)
<YYYY-MM-DD>T<time>.935Z [3D080B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx' opID=20DD2982-000006AB] Invoking interceptor:1-hbr
<YYYY-MM-DD>T<time>.935Z [3D080B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx' opID=20DD2982-000006AB] Done invoking interceptor:1-hbr
<YYYY-MM-DD>T<time>.941Z [3DA80B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx' opID=20DD2982-000006AB] Current VM Tracking state: disabled
<YYYY-MM-DD>T<time>.944Z [3DA80B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx' opID=20DD2982-000006AB] Setting VM's tracking state to disabled.
<YYYY-MM-DD>T<time>.966Z [3D801B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Handling message _vmx8: Failed to connect ethernet1.
<YYYY-MM-DD>T<time>.966Z [3C8D9B90 info 'vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Disconnect check in progress.
<YYYY-MM-DD>T<time>.967Z [3D801B90 info 'Vimsvc.ha-eventmgr'] Event 4302 : Error message on <host>.lkm.<subdomain>.lcl on c7000blade2.lkm.<subdomain>.lcl in ha-datacenter: Failed to connect ethernet1.
<YYYY-MM-DD>T<time>.968Z [3C744B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Retrieved current VM state from foundry 4, 8
<YYYY-MM-DD>T<time>.968Z [3C8D9B90 info 'vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Disconnect check in progress.
<YYYY-MM-DD>T<time>.968Z [3CADEB90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Retrieved current VM state from foundry 4, 8
<YYYY-MM-DD>T<time>.969Z [3C640B90 info 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Answered question _vmx8
<YYYY-MM-DD>T<time>.986Z [3CCC1B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Handling message _vmx9: Failed to connect virtual device Ethernet1.
<YYYY-MM-DD>T<time>.986Z [3CCC1B90 info 'Vimsvc.ha-eventmgr'] Event 4303 : Error message on <host>.lkm.<subdomain>.lcl on c7000blade2.lkm.<subdomain>.lcl in ha-datacenter: Failed to connect virtual device Ethernet1.
<YYYY-MM-DD>T<time>.001Z [3C2E2B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Retrieved current VM state from foundry 4, 8
<YYYY-MM-DD>T<time>.001Z [3C8D9B90 info 'vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Disconnect check in progress.
<YYYY-MM-DD>T<time>.002Z [3CDD9B90 info 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Answered question _vmx9
<YYYY-MM-DD>T<time>.002Z [FFD13D20 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx'] Retrieved current VM state from foundry 4, 8
<YYYY-MM-DD>T<time>.005Z [3DA80B90 info 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx' opID=20DD2982-000006AB] State Transition (VM_STATE_RECONFIGURING -> VM_STATE_ON)
<YYYY-MM-DD>T<time>.007Z [3DA80B90 info 'Vimsvc.ha-eventmgr' opID=20DD2982-000006AB] Event 4304 : Reconfigured <host>.lkm.<subdomain>.lcl on c7000blade2.lkm.<subdomain>.lcl in ha-datacenter
<YYYY-MM-DD>T<time>.019Z [3DA80B90 verbose 'Vmsvc.vm:/vmfs/volumes/52e1fb72-15468e94-f978-001e0bdad658/<host>.lkm.<subdomain>.lcl/<host>.lkm.<subdomain>.lcl.vmx' opID=20DD2982-000006AB] Time to gather config: 11 (msecs)</time></time></time></time></time></time></time></time></time></time></time></time></time></time></time></time></time></time></time></time></time>