Filing Details
- Accession Number:
- 0000937098-16-000152
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-05-17 19:25:22
- Reporting Period:
- 2016-05-15
- Filing Date:
- 2016-05-17
- Accepted Time:
- 2016-05-17 19:25:22
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 937098 | Trinet Group Inc | TNET | Services-Business Services, Nec (7389) | 953359658 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1596797 | W John Turner | Trinet Group, Inc. 1100 San Leandro Blvd., Ste. 400 San Leandro CA 94577 | Sr. Vp Of Sales | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2016-05-13 | 1,000 | $15.64 | 1,000 | No | 5 | A | Direct | |
| Common Stock | Acquisiton | 2016-05-15 | 621 | $0.00 | 1,621 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-05-15 | 234 | $18.75 | 1,387 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-05-15 | 3,118 | $0.00 | 4,505 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-05-15 | 1,172 | $18.75 | 3,333 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-05-17 | 5,000 | $0.50 | 8,333 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-05-17 | 5,000 | $19.08 | 3,333 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | A | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2016-05-15 | 621 | $0.00 | 621 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2016-05-15 | 3,118 | $0.00 | 3,118 | $0.00 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2016-05-17 | 5,000 | $0.00 | 5,000 | $0.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 6,840 | No | 4 | M | Direct | ||
| 43,659 | No | 4 | M | Direct | ||
| 133,292 | 2022-02-09 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 109,084 | Indirect | By Trust |
Footnotes
- These shares were acquired under the TriNet Group, Inc 2014 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
- Restricted Stock Units convert into common stock on a one-for-one basis.
- The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 16, 2015.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.86 to $19.39, 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.
- Reporting Person is a Trustee and shares voting and investment power over the shares held by The Turner 2000 Revocable Trust.
- On March 5, 2015, the Reporting Person was granted 9,948 restricted stock units, 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.
- On January 4, 2016, the Reporting Person was granted 49,895 restricted stock units, subject to a 4-year vesting schedule, 1/16th 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.
- Option 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
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