SEC Form 4 · accession 0000937098-16-000086
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Turner
Officer — SR. VP of SALES
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 5:16 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 15, 2016 | M | 622 | — | A | 107,339 | D | |
| Common StockF1 | Feb 15, 2016 | M | 3,118 | — | A | 110,457 | D | |
| Common Stock | Feb 15, 2016 | F | 1,373 | $12.68 | D | 109,084 | D | |
| Common Stock | Feb 16, 2016 | M | 5,000 | $0.50 | A | 114,084 | D | |
| Common StockF3 | Feb 16, 2016 | S | 5,000 | $12.9405 | D | 109,084 | D |
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,F4 | — | Feb 15, 2016 | M | 622 | D | — | — | Common Stock | 622 | 7,461 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 15, 2016 | M | 3,118 | D | — | — | Common Stock | 3,118 | 46,777 | D |
| Employee Stock Option (right to buy)F6 | $0.50 | Feb 16, 2016 | M | 5,000 | D | — | Feb 9, 2022 | Common Stock | 5,000 | 148,292 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 16, 2015.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.88 to $13.00, inclusive. The reporting person undertakes to provide to TriNet Group, Inc., any security holder of TriNet Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
- F4On March 5, 2015, the Reporting Person was granted 9,948 restricted stock units, subject to a 4-year vesting schedule, 1/16th of the total number of shares vesting quarterly on the 15th day of the second month of each calendar quarter following the grant date. The Restricted Stock Unit is also subject to accelerated vesting upon certain events.
- F5On January 4, 2016, the Reporting Person was granted 49,895 restricted stock units, subject to a 4-year vesting schedule, 1/16th of the total number of shares vesting quarterly on the 15th day of the second month of each calendar quarter following the grant date. The Restricted Stock Unit is also subject to accelerated vesting upon certain events.
- F6Option is subject to a 4-year vesting schedule, with 25% vesting upon the 12-month anniversary of February 9, 2012, and 1/48th of the total number of shares vesting each month thereafter. The Option is also subject to accelerated vesting upon certain events