SEC Form 4 · accession 0000937098-16-000155
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brady Mickelsen
Officer — SVP, CLO & SECRETARY
Period of report
May 15, 2016
Accepted (ET)
May 17, 2016 · 7:31 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 11, 2016 | G | 2,923 | $0.00 | D | 12,000 | D | |
| Common Stock | May 13, 2016 | A | 1,000 | $15.64 | A | 13,000 | D | |
| Common StockF2 | May 15, 2016 | M | 4,924 | — | A | 17,924 | D | |
| Common Stock | May 15, 2016 | F | 1,851 | $18.75 | D | 16,073 | 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 UnitsF2,F3 | — | May 15, 2016 | M | 4,924 | D | — | — | Common Stock | 4,924 | 68,935 | 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.
- F3On January 4, 2016, the Reporting Person was granted 78,782 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.