SEC Form 4 · accession 0000937098-16-000087
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Porter
Officer — CHIEF FINANCIAL OFFICER
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 5:17 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 | 684 | — | A | 539,360 | D | |
| Common StockF1 | Feb 15, 2016 | M | 1,641 | — | A | 541,001 | D | |
| Common StockF2 | holding | — | — | — | 312,000 | 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,F3 | — | Feb 15, 2016 | M | 684 | D | — | — | Common Stock | 684 | 8,208 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 15, 2016 | M | 1,641 | D | — | — | Common Stock | 1,641 | 24,620 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2The Reporting Person is a Trustee of shares held by irrevocable trusts for Reporting Person's three sons, for which Reporting Person has sole voting and investment power.
- F3On March 5, 2015, the reporting person was granted 10,943 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.
- F4On January 4, 2016, the Reporting Person was granted 26,261 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.