SEC Form 4 · accession 0000937098-16-000190
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 23, 2016
Accepted (ET)
Aug 24, 2016 · 6:32 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 | Aug 23, 2016 | M | 5,000 | $0.50 | A | 10,667 | D | |
| Common Stock | Aug 23, 2016 | S | 5,000 | $21.05 | D | 5,667 | D | |
| Common StockF2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $0.50 | Aug 23, 2016 | M | 5,000 | D | — | Feb 9, 2022 | Common Stock | 5,000 | 118,292 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
- F2Reporting Person is a Trustee and shares voting and investment power over the shares held by The Turner 2000 Revocable Trust.
- F3Option is subject to a 4-year vesting schedule, with 25% vesting upon the 12-month anniversary of February 9, 2012, and 1/48th of the total number of shares vesting each month thereafter. The Option is also subject to accelerated vesting upon certain events.