SEC Form 4 · accession 0000937098-18-000174
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barrett Boston
Officer — SVP, CHIEF REVENUE OFFICER
Period of report
Nov 14, 2018
Accepted (ET)
Nov 16, 2018 · 5:25 pm EST
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 | Nov 14, 2018 | M | 7,100 | — | A | 12,120 | D | |
| Common StockF2 | Nov 14, 2018 | F | 2,456 | $44.67 | D | 9,664 | D | |
| Common StockF1 | Nov 15, 2018 | M | 1,775 | — | A | 11,439 | D | |
| Common StockF2 | Nov 15, 2018 | F | 728 | $44.44 | D | 10,711 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Nov 14, 2018 | M | 7,100 | D | — | — | Common Stock | 7,100 | 21,303 | D |
| Restricted Stock UnitsF1,F3 | — | Nov 15, 2018 | M | 1,775 | D | — | — | Common Stock | 1,775 | 19,528 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Restricted Stock Units and Restricted Stock Awards.
- F3On November 14, 2017, the Reporting Person was granted 28,403 Restricted Stock Units, 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 Restricted Stock Units are also subject to accelerated vesting upon certain events.