SEC Form 4 · accession 0000937098-17-000200
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
Oct 17, 2017
Accepted (ET)
Oct 19, 2017 · 7:10 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 Stock | Oct 17, 2017 | M | 2,694 | $1.4475 | A | 31,225 | D | |
| Common Stock | Oct 17, 2017 | S | 2,694 | $34.18 | D | 28,531 | D | |
| Common StockF2,F3 | Oct 17, 2017 | S | 4,374 | $34.0004 | D | 1,231,045 | I | By Trust |
| Common StockF4,F5 | Oct 17, 2017 | S | 6,249 | $33.8713 | D | 91,155 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F6 | $1.4475 | Oct 17, 2017 | M | 2,694 | D | — | Mar 13, 2023 | Common Stock | 2,694 | 54,175 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.67 to $34.18, 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.
- 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 price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.54 to $34.20, 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.
- 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.
- F6Option 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.