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TRINET GROUP, INC. — Director's Dealing 2016
Feb 17, 2016
31268_dirs_2016-02-17_8fceb674-bc3d-4ccd-a644-5b463fd2fd86.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TRINET GROUP INC (TNET)
CIK: 0000937098
Period of Report: 2016-02-15
Reporting Person: Turner John W (SR. VP of SALES)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-15 | Common Stock | M | 622 | — | Acquired | 107339 | Direct |
| 2016-02-15 | Common Stock | M | 3118 | — | Acquired | 110457 | Direct |
| 2016-02-15 | Common Stock | F | 1373 | $12.68 | Disposed | 109084 | Direct |
| 2016-02-16 | Common Stock | M | 5000 | $0.50 | Acquired | 114084 | Direct |
| 2016-02-16 | Common Stock | S | 5000 | $12.9405 | Disposed | 109084 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-15 | Restricted Stock Units | $ | M | 622 | Disposed | Common Stock (622.0) | Direct | |
| 2016-02-15 | Restricted Stock Units | $ | M | 3118 | Disposed | Common Stock (3118.0) | Direct | |
| 2016-02-16 | Employee Stock Option (right to buy) | $0.5 | M | 5000 | Disposed | 2022-02-09 | Common Stock (5000.0) | Direct |
Footnotes
F1: Restricted Stock Units convert into common stock on a one-for-one basis.
F2: 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.
F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.88 to $13.00, 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 in footnote (3) to this Form 4.
F4: On March 5, 2015, the Reporting Person was granted 9,948 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.
F5: 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.
F6: 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