SEC Form 4 · accession 0000937098-16-000198
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth A Goldman
Director
Period of report
Sep 21, 2016
Accepted (ET)
Sep 23, 2016 · 7:00 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 | Sep 21, 2016 | M | 20,000 | $0.50 | A | 20,000 | D | |
| Common Stock | Sep 21, 2016 | G | 20,000 | $0.00 | D | 0 | D | |
| Common StockF1 | Sep 21, 2016 | G | 20,000 | $0.00 | A | 156,016 | I | Goldman-Valeriote Family Trust |
| Common StockF3,F1 | Sep 21, 2016 | S | 40,000 | $20.6958 | D | 116,016 | I | Goldman-Valeriote Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $0.50 | Sep 21, 2016 | M | 20,000 | D | — | Feb 5, 2023 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1The Reporting Person is a Co-Trustee of the Goldman-Valeriote Family Trust dtd 11/15/95 and shares voting and dispositive power over the shares held by the trust.
- F2The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.50 to $20.96, inclusive. The Reporting Person undertakes to provide to TriNet Group, Inc., any security holder of TriNet Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- F4Option is subject to a 1-year vesting schedule, with 100% vesting upon the 12-month anniversary of February 5, 2013. The Option is also subject to accelerated vesting upon certain events.