SEC Form 4 · accession 0000937098-18-000074
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
Mar 8, 2018
Accepted (ET)
Mar 12, 2018 · 5:28 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 | Mar 6, 2018 | G | 1,268 | $0.00 | D | 1,204,226 | I | By Trust |
| Common StockF2 | Mar 8, 2018 | A | 44,122 | — | A | 72,712 | D | |
| Common Stock | Mar 8, 2018 | F | 21,542 | $47.70 | D | 51,170 | D | |
| Common StockF4 | Mar 8, 2018 | A | 42,008 | $0.00 | A | 93,178 | D | |
| Common StockF5 | Mar 8, 2018 | A | 114,251 | $0.00 | A | 207,429 | D | |
| Common StockF6 | holding | — | — | — | 55,744 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting 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.
- F2Represents common stock received in settlement of the portion of a performance-based restricted stock unit award made on March 5, 2015 that was determined to be earned based on performance for the period ending December 31, 2017.
- 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.
- F4Represents a grant of a restricted stock award. The restricted stock award is subject to a 4-year vesting schedule: one-sixteenth 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 award is also subject to accelerated vesting upon certain events.
- F5Represents the portion of a performance-based restricted stock unit (the "PRSUs") award made on March 24, 2017 that was determined to be earned based on performance for the period ending December 31, 2017. The PRSUs will vest as follows: 50% on December 31, 2018 and 50% on December 31, 2019, subject to continued service through each such date and are subject to accelerated vesting upon certain events. Each PRSU represents a contingent right to receive one share of TNET common stock upon vesting.
- F6Reporting 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.