SEC Form 4 · accession 0001214659-15-004114
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory L Hammond
Officer — EVP and CHIEF LEGAL OFFICER
Period of report
May 15, 2015
Accepted (ET)
May 19, 2015 · 2:24 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 Stock | May 15, 2015 | M | 2,000 | $0.50 | A | 2,000 | D | |
| Common Stock | May 15, 2015 | M | 1,000 | $1.4475 | A | 3,000 | D | |
| Common Stock | May 15, 2015 | S | 3,000 | $30.00 | 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)F2 | $0.50 | May 15, 2015 | M | 2,000 | D | — | Feb 9, 2022 | Common Stock | 2,000 | 18,506 | D |
| Employee Stock Option (right to buy)F3 | $1.4475 | May 15, 2015 | M | 1,000 | D | — | Mar 13, 2023 | Common Stock | 1,000 | 22,000 | 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.
- F2Option 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.
- F3Option 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.