SEC Form 4 · accession 0001214659-15-002115
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Porter
Officer — CHIEF FINANCIAL OFFICER
Period of report
Mar 5, 2015
Accepted (ET)
Mar 9, 2015 · 6:31 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 StockF2 | Mar 5, 2015 | S | 2,000 | $33.16 | D | 328,000 | I | By Trust |
| Common StockF2 | Mar 5, 2015 | S | 2,000 | $33.16 | D | 326,000 | I | By Trust |
| Common StockF2 | Mar 5, 2015 | S | 2,000 | $33.16 | D | 324,000 | 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)F3 | $33.51 | Mar 5, 2015 | A | 27,053 | A | — | Mar 5, 2025 | Common Stock | 27,053 | 27,053 | D |
| Restricted Stock UnitsF4,F5 | — | Mar 5, 2015 | A | 10,943 | A | — | — | Common Stock | 10,943 | 10,943 | 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 8, 2014.
- F2The Reporting Person is a trustee of shares held by trusts for Reporting Person's three sons.
- F3Option is subject to a 4-year vesting schedule, with 1/16 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 Option is also subject to accelerated vesting upon certain events.
- F4Each Restricted Stock Unit represents a contingent right to receive one share of TNET common stock.
- F5Restricted Stock Unit is subject to a 4-year vesting schedule, 1/16 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 Unit is also subject to accelerated vesting upon certain events.