Filing Details
- Accession Number:
- 0000937098-21-000213
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-08-17 19:01:07
- Reporting Period:
- 2021-08-15
- Accepted Time:
- 2021-08-17 19:01:07
- 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 |
|---|---|---|---|---|---|---|---|
| 1271858 | M. Burton Goldfield | Trinet Group, Inc. One Park Place, Suite 600 Dublin CA 94568 | President, Ceo And Director | Yes | 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 | Disposition | 2021-07-29 | 12,500 | $0.00 | 415,270 | No | 5 | G | Indirect | By Trust |
| Common Stock | Disposition | 2021-08-15 | 1,302 | $90.64 | 219,993 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-08-15 | 1,004 | $90.64 | 218,989 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-08-15 | 1,906 | $90.64 | 217,083 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-08-15 | 1,112 | $90.64 | 215,971 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-08-17 | 4,166 | $89.96 | 411,104 | No | 4 | S | Indirect | By Trust |
| Common Stock | Acquisiton | 2021-08-17 | 2,000 | $10.98 | 217,971 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-08-17 | 2,000 | $89.96 | 215,971 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | G | Indirect | By Trust |
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Indirect | By Trust |
| 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 | Employee Stock Option (right to buy) | Disposition | 2021-08-17 | 2,000 | $0.00 | 2,000 | $10.98 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 113,285 | 2024-02-11 | No | 4 | M | Direct |
Footnotes
- Shares held directly by the Burton M. Goldfield and Maud Carol Goldfield Trust, u/a/d 12/6/00 (the "Trust"). The Reporting Person and his spouse serve as trustees and beneficiaries of the Trust.
- Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock award granted on March 8, 2018.
- Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on March 18, 2019.
- Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on February 28, 2020.
- Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on March 15, 2021.
- 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 $89.50 to $90.48, 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 exercise 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 $89.50 to $90.42, 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.
- Option is subject to a 4-year vesting schedule, with 25% vesting upon the 12-month anniversary of February 1, 2014, 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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