SEC Form 4 · accession 0001127602-18-010174
INSPERITY, INC. · NSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Sarvadi
Officer — Chairman of the Board & CEO · Director
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:23 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 StockF1,F2 | Mar 1, 2018 | A | 4,039 | $65.30 | A | 627,058 | D | |
| Common Stock | Mar 1, 2018 | F | 45,006 | $65.30 | D | 582,052 | D | |
| Common Stock | holding | — | — | — | 1,453,412 | I | By Self, As General Partner of Our Ship Limited Partnership, Ltd. | |
| Common Stock | holding | — | — | — | 753,448 | I | By Self, As General Partner of the Sarvadi Children's Limited Partnership | |
| Common Stock | holding | — | — | — | 39,288 | I | Six Education Trusts established for the benefit of the Sarvadi children |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This is the settlement date for shares of Insperity, Inc. ("Common Stock") that are being issued in connection with dividend rights earned following final certification of the three-year performance period awards granted in 2015 in accordance with the Insperity, Inc. Long-Term Incentive Program (the "LTIP") under the Insperity, Inc. 2012 Incentive Plan.
- F2The number of shares represents the cash value of dividend rights that were settled in shares of Common Stock based on the fair market value of the Common Stock on the trading day immediately preceding the settlement date.
- F3Payment of tax liability by withholding securities incident to the settlement of the three-year performance period awards that were granted in 2015 under the LTIP, following final certification of the achievement of the performance conditions by the Compensation Committee.