SEC Form 4 · accession 0000937098-16-000079
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Babinec
Director
Period of report
Feb 12, 2016
Accepted (ET)
Feb 12, 2016 · 6:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000937098
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 12, 2016 | M | 6,016 | — | A | 6,016 | D | |
| Common Stock | Feb 12, 2016 | G | 6,016 | $0.00 | D | 0 | D | |
| Common StockF2 | Feb 12, 2016 | G | 6,016 | $0.00 | A | 4,217,036 | I | By Trust |
| Common StockF3,F4 | holding | — | — | — | 855,724 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F5 | — | Feb 12, 2016 | M | 6,016 | D | — | — | Common Stock | 6,016 | 0 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2Shares are held directly by Martin and Krista Babinec, Trustees of The Babinec Family Trust. Reporting Owner is a Trustee and has sole voting and investment power over the shares held by The Babinec Family Trust.
- F3The Reporting Person inadvertently did not include in prior Form 4s all holdings of securities of the same class as the security involved in the reported transaction, e.g. all directly and indirectly owned holdings of common stock.
- F4These shares are held in the Babinec 2008 Children's Trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the trust.
- F5The Restricted Stock Units vested 100% on February 12, 2016. The Restricted Stock Units are also subject to accelerated vesting upon certain events.