SEC Form 4 · accession 0000937098-16-000153
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
May 15, 2016
Accepted (ET)
May 17, 2016 · 7:27 pm EDT
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 Stock | May 13, 2016 | A | 1,000 | $15.64 | A | 542,001 | D | |
| Common StockF2 | May 15, 2016 | M | 684 | — | A | 542,685 | D | |
| Common StockF2 | May 15, 2016 | M | 1,641 | — | A | 544,326 | D | |
| Common StockF3 | 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 UnitsF2,F4 | — | May 15, 2016 | M | 684 | D | — | — | Common Stock | 684 | 7,524 | D |
| Restricted Stock UnitsF2,F5 | — | May 15, 2016 | M | 1,641 | D | — | — | Common Stock | 1,641 | 22,979 | D |
Explanation of responses
- F1These shares were acquired under the TriNet Group, Inc 2014 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
- F2Restricted Stock Units convert into common stock on a one-for-one basis.
- F3The 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.
- F4On March 5, 2015, the reporting person was granted 10,943 restricted stock units, subject to a 4-year vesting schedule, 1/16 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 26,261 restricted stock units, subject to a 4-year vesting schedule, 1/16 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.