SEC Form 4 · accession 0001127602-17-007021
INSPERITY, INC. · NSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur A Arizpe
Officer — EVP of Client Services and COO
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001000753
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 15, 2017 | A | 5,615 | $0.00 | A | 34,008 | D | |
| Common StockF3 | holding | — | — | — | 68,015 | I | By Arizpe Investment Limited Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock Performance Units (Stock Settled)F5,F6,F4,F7 | — | Feb 15, 2017 | A | 7,566 | A | — | — | Common Stock | 7,566 | 13,063 | D |
| Phantom Stock Performance Units (Stock Settled)F8,F6,F4,F7 | — | Feb 15, 2017 | A | 2,041 | A | — | — | Common Stock | 2,041 | 15,104 | D |
Explanation of responses
- F1Restricted stock award pursuant to the Insperity, Inc. 2012 Incentive Plan.
- F2Excludes 35,000 shares that were transferred to the Arizpe Investment Limited Partnership on February 8, 2017 and 33,015 shares that were transferred to the Arizpe Investment Limited Partnership on February 17, 2017, all of which were previously owned directly.
- F3These shares are owned directly by Arizpe Investment Limited Partnership, which is controlled by Arizpe Management. Mr. Arizpe, by virtue of his position as Manager of Arizpe Management, may be deemed to beneficially own these shares.
- F4Each phantom stock performance unit represents a contingent right to receive one share of Insperity, Inc. common stock ("Common Stock") pursuant to the terms of the Insperity, Inc. Long-Term Incentive Program (the "LTIP") under the Insperity, Inc. 2012 Incentive Plan based on a three-year performance period award cycle.
- F5These three-year performance period awards were granted in 2015. The Compensation Committee certified the achievement of the performance conditions related to 2016 performance on this date.
- F6The number of shares do not include the cash value of dividend rights that will be settled in shares of Common Stock based on the fair market value of the Common Stock on the trading day immediately preceding the date of vesting following the end of the three-year award cycle in accordance with the LTIP.
- F7The phantom stock performance units vest at the end of the three-year award cycle period following certification in accordance with the LTIP of the achievement of all performance goals for the performance periods applicable to such award.
- F8These three-year performance period awards were granted in 2016. The Compensation Committee certified the achievement of the performance conditions related to 2016 performance on this date.