Filing Details
- Accession Number:
- 0000937098-18-000184
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-11-19 21:28:09
- Reporting Period:
- 2018-11-15
- Accepted Time:
- 2018-11-19 21:28:09
- 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 |
|---|---|---|---|---|---|---|---|
| 1645258 | Brady Mickelsen | Trinet Group, Inc. One Park Place, Suite 600 Dublin CA 94568 | Svp, Clo & Secretary | 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 | 2018-11-15 | 5,000 | $0.00 | 47,390 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2018-11-15 | 4,924 | $0.00 | 52,314 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2018-11-15 | 825 | $0.00 | 53,139 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-11-15 | 5,575 | $44.44 | 47,564 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2018-11-19 | 1,875 | $17.71 | 49,439 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-11-19 | 1,875 | $44.10 | 47,564 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-11-19 | 5,418 | $44.05 | 42,146 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | 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 | 2018-11-15 | 5,000 | $0.00 | 5,000 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-11-15 | 4,924 | $0.00 | 4,924 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-11-15 | 825 | $0.00 | 825 | $0.00 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2018-11-19 | 1,875 | $0.00 | 1,875 | $17.71 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 15,000 | No | 4 | M | Direct | ||
| 19,696 | No | 4 | M | Direct | ||
| 7,420 | No | 4 | M | Direct | ||
| 7,500 | 2025-08-21 | No | 4 | M | Direct |
Footnotes
- Restricted Stock Units convert into common stock on a one-for-one basis.
- These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Restricted Stock Units and Restricted Stock Awards.
- The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.66 to $44.22, 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.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.66 to $44.28, 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.
- On August 21, 2015, the Reporting Person was granted 80,000 Restricted Stock Units, subject to a 4-year vesting schedule: one-fourth of the total number of shares vesting on the first anniversary of the grant date, and thereafter one-sixteenth 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 Units are also subject to accelerated vesting upon certain events.
- On January 4, 2016, the Reporting Person was granted 78,782 Restricted Stock Units, subject to a 4-year vesting schedule: one-sixteenth 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 Units are also subject to accelerated vesting upon certain events.
- On March 24, 2017, the Reporting Person was granted 13,191 Restricted Stock Units, subject to a 4-year vesting schedule: one-sixteenth 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 Units are also subject to accelerated vesting upon certain events.
- Option is subject to a 4-year vesting schedule: one-fourth of the total number of shares vesting on the first anniversary of the grant date, and thereafter one-sixteenth 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.
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