INSPERITY, INC. — Director's Dealing 2016

May 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSPERITY, INC. (NSP)
CIK: 0001000753
Period of Report: 2016-05-23

Reporting Person: Feld Peter A (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-23	Common Stock	S	42938	$70.6838	Disposed	1944020	Indirect
2016-05-23	Common Stock	S	9613	$70.6838	Disposed	435207	Indirect
2016-05-23	Common Stock	S	5215	$70.6838	Disposed	236109	Indirect
2016-05-23	Common Stock	S	14325	$70.6838	Disposed	648549	Indirect
2016-05-23	Common Stock	S	10290	$70.3501	Disposed	1933730	Indirect
2016-05-23	Common Stock	S	2303	$70.3501	Disposed	432904	Indirect
2016-05-23	Common Stock	S	1250	$70.3501	Disposed	234859	Indirect
2016-05-23	Common Stock	S	3433	$70.3501	Disposed	645116	Indirect
2016-05-23	Common Stock	S	4527	$70.7592	Disposed	1929203	Indirect
2016-05-23	Common Stock	S	1013	$70.7592	Disposed	431891	Indirect
2016-05-23	Common Stock	S	550	$70.7592	Disposed	234309	Indirect
2016-05-23	Common Stock	S	1510	$70.7592	Disposed	643606	Indirect
2016-05-23	Common Stock	S	74886	$70.1144	Disposed	1854317	Indirect
2016-05-23	Common Stock	S	16765	$70.1144	Disposed	415126	Indirect
2016-05-23	Common Stock	S	9095	$70.1144	Disposed	225214	Indirect
2016-05-23	Common Stock	S	24983	$70.1144	Disposed	618623	Indirect
2016-05-24	Common Stock	S	143893	$70.1763	Disposed	1710424	Indirect
2016-05-24	Common Stock	S	32213	$70.1763	Disposed	382913	Indirect
2016-05-24	Common Stock	S	17476	$70.1763	Disposed	207738	Indirect
2016-05-24	Common Stock	S	48005	$70.1763	Disposed	570618	Indirect
2016-05-24	Common Stock	S	82141	$70.3657	Disposed	1628283	Indirect
2016-05-24	Common Stock	S	18389	$70.3657	Disposed	364524	Indirect
2016-05-24	Common Stock	S	9977	$70.3657	Disposed	197761	Indirect
2016-05-24	Common Stock	S	27403	$70.3657	Disposed	543215	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2910	Direct

Footnotes

F1: Shares of common stock directly held by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of the investment manager of Starboard V&O Fund, and as a member and member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares directly held by Starboard V&O Fund for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F2: Shares of common stock directly held by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares directly held by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F3: Shares of common stock directly held by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard C LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares directly held by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F4: Shares of common stock held in an account managed by Starboard Value LP (the "Managed Account"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of Starboard Value LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares held in the Managed Account for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.