SEC Form 4 · accession 0000937098-18-000110
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Hodgson
Director
Period of report
May 14, 2018
Accepted (ET)
May 16, 2018 · 5:43 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 | May 3, 2018 | G | 100,000 | $0.00 | D | 116,655 | D | |
| Common Stock | May 14, 2018 | M | 40,000 | $0.50 | A | 156,655 | D | |
| Common Stock | May 14, 2018 | M | 20,000 | $10.98 | A | 176,655 | D | |
| Common Stock | holding | — | — | — | 465 | I | By Reporting Person's Dependent |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $0.50 | May 14, 2018 | M | 40,000 | D | — | Feb 5, 2023 | Common Stock | 40,000 | 0 | D |
| Stock Option (Right to Buy)F2 | $10.98 | May 14, 2018 | M | 20,000 | D | — | Feb 11, 2024 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Option is subject to a 1-year vesting schedule, with 100% vesting upon the 12-month anniversary of February 5, 2013. The option is also subject to accelerated vesting upon certain events.
- F2Option is subject to a 1-year vesting schedule, with 100% vesting upon the 12-month anniversary of February 11, 2014. The option is also subject to accelerated vesting upon certain events.