SEC Form 4 · accession 0000937098-16-000186
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
Aug 15, 2016
Accepted (ET)
Aug 16, 2016 · 6:24 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 StockF1 | Aug 15, 2016 | M | 622 | — | A | 3,955 | D | |
| Common StockF1 | Aug 15, 2016 | M | 3,119 | — | A | 7,074 | D | |
| Common StockF2 | Aug 15, 2016 | F | 1,407 | $20.99 | D | 5,667 | D | |
| Common StockF3 | holding | — | — | — | 109,084 | 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 | — | Aug 15, 2016 | M | 622 | D | — | — | Common Stock | 622 | 6,218 | D |
| Restricted Stock UnitsF1,F5 | — | Aug 15, 2016 | M | 3,119 | D | — | — | Common Stock | 3,119 | 40,540 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Restricted Stock Units reported herein.
- F3Reporting Person is a Trustee and shares voting and investment power over the shares held by The Turner 2000 Revocable Trust.
- F4On March 5, 2015, the Reporting Person was granted 9,948 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 Units are 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, 1/16 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 Units are also subject to accelerated vesting upon certain events.