SEC Form 4 · accession 0000937098-18-000163
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
Sep 14, 2018
Accepted (ET)
Sep 17, 2018 · 4:12 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 | Sep 14, 2018 | M | 4,471 | $1.4475 | A | 207,228 | D | |
| Common Stock | Sep 14, 2018 | M | 2,291 | $10.98 | A | 209,519 | D | |
| Common Stock | Sep 14, 2018 | S | 6,762 | $54.24 | D | 202,757 | D | |
| Common StockF2 | Sep 14, 2018 | S | 7,500 | $54.24 | D | 1,096,556 | I | By Trust |
| Common StockF3 | Sep 14, 2018 | S | 2,563 | $54.24 | D | 12,148 | 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)F4 | $1.4475 | Sep 14, 2018 | M | 4,471 | D | — | Mar 13, 2023 | Common Stock | 4,471 | 0 | D |
| Employee Stock Option (right to buy)F5 | $10.98 | Sep 14, 2018 | M | 2,291 | D | — | Feb 11, 2024 | Common Stock | 2,291 | 190,391 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
- F2Reporting 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.
- F3Reporting 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.
- F4Option 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.
- F5Option is subject to a 4-year vesting schedule, with 25% vesting upon the 12-month anniversary of February 1, 2014, and 1/48th of the total number of shares vesting each month thereafter. The Option is also subject to accelerated vesting upon certain events.