SEC Form 4 · accession 0000937098-17-000069
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Babinec
Director
Period of report
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 5:34 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 | Mar 2, 2017 | M | 14,663 | — | A | 14,663 | D | |
| Common StockF2 | Mar 2, 2017 | S | 14,663 | $28.6951 | D | 0 | D | |
| Common StockF3,F4 | Mar 2, 2017 | S | 15,000 | $28.6965 | D | 4,202,036 | I | By Trust |
| Common StockF4 | Mar 3, 2017 | G | 20,000 | $0.00 | D | 4,182,036 | I | By Trust |
| Common StockF5 | holding | — | — | — | 855,724 | 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 | — | Mar 2, 2017 | M | 14,663 | D | — | — | Common Stock | 14,663 | 0 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.47 to $29.02, 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.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.47 to $29.00, 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.
- F4Shares are held directly by Martin and Krista Babinec, Trustees of The Babinec Family Trust. Reporting Person is a Trustee and has sole voting and investment power over the shares held by The Babinec Family Trust.
- F5Shares are held directly by Babinec 2008 Children's Trust. Reporting Person is a Trustee and shares voting and investment power over the shares held by Babinec 2008 Children's Trust.
- F6The Restricted Stock Units vested 100% on February 5, 2017 and settled on March 2, 2017. The Restricted Stock Units are also subject to accelerated vesting upon certain events.