SEC Form 4 · accession 0000937098-19-000052
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Beckert
Officer — SVP, CHIEF FINANCIAL OFFICER
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 9:31 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 StockF2,F1 | Feb 15, 2019 | M | 2,840 | — | A | 116,979 | D | |
| Common StockF3 | Feb 15, 2019 | F | 1,054 | $49.53 | D | 115,925 | D | |
| Common StockF4 | Feb 15, 2019 | F | 250 | $49.53 | D | 115,675 | 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,F2,F5 | — | Feb 15, 2019 | M | 2,840 | D | — | — | Common Stock | 2,840 | 0 | D |
Explanation of responses
- F1Includes 25,561 unvested restricted stock units ("RSUs") from an award of 45,441 RSUs originally granted on July 17, 2017 and were previously reported in Table II of a Form 4 filed by the Reporting Person on July 19, 2017 and which are now being reported as common stock and included in Column 5 of Table I. The RSUs are 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 RSUs are also subject to accelerated vesting upon certain events.
- F2Restricted Stock Units convert into common stock on a one-for-one basis.
- F3Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the restricted stock units granted on July 17, 2017.
- F4Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the restricted stock awards granted on March 8, 2018.
- F5On July 17, 2017, the Reporting Person was granted 45,441 restricted stock units ("RSUs"), 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 RSUs are also subject to accelerated vesting upon certain events. Such RSUs are now being reported as common stock and included in Column 5 of Table I.