SEC Form 4 · accession 0000937098-16-000219
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Porter
Officer — CHIEF FINANCIAL OFFICER
Period of report
Nov 11, 2016
Accepted (ET)
Nov 15, 2016 · 8:18 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 | Nov 11, 2016 | S | 1,800 | $22.00 | D | 541,251 | D | |
| Common StockF2 | Nov 11, 2016 | S | 1,200 | $22.00 | D | 308,400 | I | By Trust |
| Common StockF3 | Nov 15, 2016 | A | 347 | $16.16 | A | 541,598 | D | |
| Common StockF4 | Nov 15, 2016 | M | 684 | — | A | 542,282 | D | |
| Common StockF4 | Nov 15, 2016 | M | 1,642 | — | A | 543,924 | 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 UnitsF4,F5 | — | Nov 15, 2016 | M | 684 | D | — | — | Common Stock | 684 | 6,156 | D |
| Restricted Stock UnitsF4,F6 | — | Nov 15, 2016 | M | 1,642 | D | — | — | Common Stock | 1,642 | 19,696 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
- F2The Reporting Person is a Trustee of shares held by irrevocable trusts for Reporting Person's three sons, for which Reporting Person has sole voting and investment power.
- F3These 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).
- F4Restricted Stock Units convert into common stock on a one-for-one basis.
- F5On March 5, 2015, the Reporting Person was granted 10,943 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.
- F6On January 4, 2016, the Reporting Person was granted 26,261 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.