SEC Form 4 · accession 0000937098-16-000089
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Burton M. Goldfield
Officer — PRESIDENT, CEO and DIRECTOR · Director
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 5:20 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 | 2,176 | — | A | 69,738 | D | |
| Common StockF1 | Feb 15, 2016 | M | 8,616 | — | A | 78,354 | D | |
| Common Stock | Feb 15, 2016 | F | 4,040 | $12.68 | D | 74,314 | D | |
| Common StockF2 | holding | — | — | — | 1,312,990 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 150,000 | 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,F4 | — | Feb 15, 2016 | M | 2,176 | D | — | — | Common Stock | 2,176 | 26,112 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 15, 2016 | M | 8,616 | D | — | — | Common Stock | 8,616 | 129,252 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2Reporting Person is a Trustee and shares voting and investment power over the shares held by Burton M. and Maud Carol Goldfield, Trustees, Burton M. Goldfield and Maud Carol Goldfield Trust, u/a/d 12/6/00.
- F3Reporting Person is a Trustee and shares voting and investment power over the shares held by Burton M. Goldfield and Maud Carol Goldfield, Trustees of the Alec Thunder Goldfield 2011 Irrevocable Trust.
- F4On March 5, 2015, the Reporting Person was granted 34,816 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 137,868 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.