SEC Form 4 · accession 0000937098-17-000129
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P Murphy
Officer — PRINCIPAL ACCOUNTING OFFICER
Period of report
May 15, 2017
Accepted (ET)
May 16, 2017 · 8:44 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 StockF1 | May 15, 2017 | A | 476 | $19.69 | A | 476 | D | |
| Common StockF2 | May 15, 2017 | M | 278 | — | A | 754 | D | |
| Common StockF3 | May 15, 2017 | F | 105 | $30.83 | D | 649 | 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 UnitsF2,F4 | — | May 15, 2017 | M | 278 | D | — | — | Common Stock | 278 | 4,172 | D |
Explanation of responses
- F1These 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).
- F2Restricted Stock Units convert into common stock on a one-for-one basis.
- F3These 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.
- F4On March 24, 2017, the Reporting Person was granted 4,450 Restricted Stock Units, subject to a 4-year vesting schedule. 1/16th 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.