SEC Form 4 · accession 0001214659-15-006296
TRINET GROUP, INC. · TNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brady Mickelsen
Officer — SVP & Chief Legal Officer
Period of report
Aug 21, 2015
Accepted (ET)
Aug 25, 2015 · 5:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000937098
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $17.71 | Aug 21, 2015 | A | 30,000 | A | — | Aug 21, 2025 | Common Stock | 30,000 | 30,000 | D |
| Restricted Stock UnitsF2,F3 | — | Aug 21, 2015 | A | 80,000 | A | — | — | Common Stock | 80,000 | 80,000 | D |
Explanation of responses
- F1Option is subject to a 4-year vesting schedule, 1/4 of the total number of shares vesting on the first anniversary of the Grant Date, and thereafter 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.
- F2Each Restricted Stock Unit represents a contingent right to receive one share of TNET common stock.
- F3Restricted Stock Unit is subject to a 4-year vesting schedule, 1/4 of the total number of shares vesting on the first anniversary of the Grant Date, and thereafter 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.