SEC Form 4 · accession 0000937098-19-000077
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth A Goldman
Director
Period of report
Feb 22, 2019
Accepted (ET)
Feb 25, 2019 · 9:40 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 Stock | Feb 22, 2019 | M | 20,000 | $10.98 | A | 20,000 | D | |
| Common StockF1 | Feb 22, 2019 | S | 20,000 | $62.1717 | D | 0 | D | |
| Common StockF2,F3 | Feb 22, 2019 | S | 10,000 | $62.2969 | D | 87,763 | I | Goldman-Valeriote Family Trust |
| Common Stock | holding | — | — | — | 32,670 | I | By Kenneth A. Goldman GRAT | |
| Common Stock | holding | — | — | — | 32,670 | I | By Susan Valeriote GRAT |
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)F4 | $10.98 | Feb 22, 2019 | M | 20,000 | D | — | Feb 11, 2024 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.120 to $62.305, 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.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.23 to $62.43, 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 reporting person is a Co-Trustee of the Goldman-Valeriote Family Trust dtd 11/15/95 and shares voting and dispositive power over the shares held by the trust.
- F4Option 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.