SEC Form 4 · accession 0001214659-15-000502
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Turner
Officer — SR. VP of SALES
Period of report
Jan 20, 2015
Accepted (ET)
Jan 22, 2015 · 12:12 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 | Jan 20, 2015 | M | 10,000 | $0.50 | A | 10,000 | D | |
| Common StockF2 | Jan 20, 2015 | S | 5,700 | $33.121 | D | 4,300 | D | |
| Common StockF3 | Jan 20, 2015 | S | 4,300 | $33.6143 | D | 0 | D | |
| Common Stock | Jan 20, 2015 | M | 2,468 | $1.4475 | A | 2,468 | D | |
| Common StockF4 | Jan 20, 2015 | S | 2,468 | $33.0659 | D | 0 | 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)F5 | $0.50 | Jan 20, 2015 | M | 10,000 | D | — | Feb 9, 2022 | Common Stock | 10,000 | 219,168 | D |
| Employee Stock Option (right to buy)F6 | $1.4475 | Jan 20, 2015 | M | 2,468 | D | — | Mar 13, 2023 | Common Stock | 2,468 | 20,868 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 15, 2014.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.60 to $33.59, 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 in footnote (2) to this Form 4.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.60 to $33.68, 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 in footnote (3) to this Form 4.
- F4The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.75 to $33.58, 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 in footnote (4) to this Form 4.
- F5Option is subject to a 4-year vesting schedule, with 25% vesting upon the 12-month anniversary of February 9, 2012, and 1/48th of the total number of shares vesting each month thereafter. The option is also subject to accelerated vesting upon certain events.
- F6Option 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.