SEC Form 4 · accession 0000937098-18-000159
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brady Mickelsen
Officer — SVP, CLO & SECRETARY
Period of report
Aug 20, 2018
Accepted (ET)
Aug 22, 2018 · 7:40 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 | Aug 20, 2018 | M | 2,625 | $17.71 | A | 59,379 | D | |
| Common StockF2 | Aug 20, 2018 | S | 825 | $57.2453 | D | 58,554 | D | |
| Common StockF3 | Aug 20, 2018 | S | 1,800 | $58.2033 | D | 56,754 | D | |
| Common StockF4 | Aug 20, 2018 | S | 3,851 | $57.4577 | D | 52,903 | D | |
| Common StockF5 | Aug 20, 2018 | S | 7,440 | $58.0942 | D | 45,463 | D | |
| Common Stock | Aug 22, 2018 | G | 3,073 | $0.00 | D | 42,390 | D |
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 | $17.71 | Aug 20, 2018 | M | 2,625 | D | — | Aug 21, 2025 | Common Stock | 2,625 | 9,375 | 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 $56.770 to $57.380, 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 $58.000 to $58.300, 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.
- F4The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.770 to $57.760, 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.
- F5The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.770 to $58.580, 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.
- F6Option is subject to a 4-year vesting schedule: one-fourth of the total number of shares vesting on the first anniversary of the grant date, and thereafter 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 Option is also subject to accelerated vesting upon certain events.