SEC Form 4 · accession 0000937098-16-000218
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Burton M. Goldfield
Officer — PRESIDENT, CEO and DIRECTOR · Director
Period of report
Nov 11, 2016
Accepted (ET)
Nov 15, 2016 · 8:17 pm EST
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 25, 2016 | G | 82,050 | $0.00 | D | 5,774 | D | |
| Common StockF1 | Aug 25, 2016 | G | 82,050 | $0.00 | A | 1,368,510 | I | By Trust |
| Common StockF1 | Sep 6, 2016 | G | 939 | $0.00 | D | 1,367,571 | I | By Trust |
| Common Stock | Nov 11, 2016 | M | 17,237 | $1.4475 | A | 23,011 | D | |
| Common Stock | Nov 11, 2016 | S | 17,237 | $22.50 | D | 5,774 | D | |
| Common StockF3 | Nov 11, 2016 | S | 1,000 | $22.50 | D | 144,000 | I | By Trust |
| Common StockF1 | Nov 11, 2016 | S | 5,000 | $22.50 | D | 1,362,571 | I | By Trust |
| Common Stock | Nov 14, 2016 | M | 2,763 | $1.4475 | A | 8,537 | D | |
| Common Stock | Nov 14, 2016 | S | 2,763 | $22.50 | D | 5,774 | D | |
| Common StockF3 | Nov 14, 2016 | S | 3,000 | $22.50 | D | 141,000 | I | By Trust |
| Common StockF1 | Nov 14, 2016 | S | 15,000 | $22.50 | D | 1,347,571 | I | By Trust |
| Common StockF4 | Nov 15, 2016 | A | 442 | $16.16 | A | 6,216 | D | |
| Common StockF5 | Nov 15, 2016 | M | 2,176 | — | A | 8,392 | D | |
| Common StockF5 | Nov 15, 2016 | M | 8,617 | — | A | 17,009 | D | |
| Common StockF6 | Nov 15, 2016 | F | 5,633 | $22.56 | D | 11,376 | D |
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)F7 | $1.4475 | Nov 11, 2016 | M | 17,237 | D | — | Mar 13, 2023 | Common Stock | 17,237 | 125,567 | D |
| Employee Stock Option (right to buy)F7 | $1.4475 | Nov 14, 2016 | M | 2,763 | D | — | Mar 13, 2023 | Common Stock | 2,763 | 122,804 | D |
| Restricted Stock UnitsF5,F8 | — | Nov 15, 2016 | M | 2,176 | D | — | — | Common Stock | 2,176 | 19,584 | D |
| Restricted Stock UnitsF5,F9 | — | Nov 15, 2016 | M | 8,617 | D | — | — | Common Stock | 8,617 | 103,401 | D |
Explanation of responses
- F1Reporting Person is a Trustee and shares voting and investment power over the shares held by Burton M. and Maud Carol Goldfield, Trustees, Burton M. Goldfield and Maud Carol Goldfield Trust, u/a/d 12/6/00.
- F2The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
- F3Reporting Person is a Trustee and shares voting and investment power over the shares held by Burton M. Goldfield and Maud Carol Goldfield, Trustees of the Alec Thunder Goldfield 2011 Irrevocable Trust.
- F4These 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).
- F5Restricted Stock Units convert into common stock on a one-for-one basis.
- F6These 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.
- F7Option is subject to a 4-year vesting schedule, with 25% vesting upon the 12-month anniversary of February 1, 2013, and 1/48th of the total number of shares vesting each month thereafter. The Option is also subject to accelerated vesting upon certain events.
- F8On March 5, 2015, the Reporting Person was granted 34,816 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.
- F9On January 4, 2016, the Reporting Person was granted 137,868 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.