SEC Form 4 · accession 0000937098-17-000036
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
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 7:51 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 StockF1 | Feb 15, 2017 | M | 2,176 | — | A | 2,176 | D | |
| Common StockF1 | Feb 15, 2017 | M | 8,616 | — | A | 10,792 | D | |
| Common StockF2 | Feb 15, 2017 | F | 4,181 | $25.62 | D | 6,611 | D | |
| Common StockF3 | holding | — | — | — | 1,303,947 | I | By Trust | |
| Common StockF4,F5 | holding | — | — | — | 130,000 | 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,F6 | — | Feb 15, 2017 | M | 2,176 | D | — | — | Common Stock | 2,176 | 17,408 | D |
| Restricted Stock UnitsF1,F7 | — | Feb 15, 2017 | M | 8,616 | D | — | — | Common Stock | 8,616 | 94,785 | 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 Burton M. and Maud Carol Goldfield, Trustees, Burton M. Goldfield and Maud Carol Goldfield Trust, u/a/d 12/6/00.
- F4The Reporting Person inadvertently omitted on the previous Form 5 filed on February 13, 2017 the holdings of securities of the same class as the security involved in the reported transactions.
- F5Reporting 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.
- F6On 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.
- F7On 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.