Starboard Value Nominates Director Candidates to Insperity, Inc. (NSP)’s Board

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Page 19 of 26 SEC Filing
Michael F. Shea currently serves as the Senior Vice President, Integration at MedAssets-Precyse, a leader in providing end-to-end revenue cycle services, technology and education solutions.  In this role, he has led the carve out and sale of a business segment and is leading the integration of MedAssets and Precyse to ensure the newly formed business continues to provide clients with great service and positions the company for long-term growth.  Prior to joining MedAssts-Precyse in November 2015, he was the founder of MSPI LLC, a boutique consulting firm providing a range of management consulting services, including Lean Six Sigma program development, transformation strategies, benchmarking and Human Capital Management industry analysis.  Prior to forming MSPI LLC in September 2014, he was the Executive Vice President of Operations and Marketing at Stream Global Services (“Stream”), a premium business process outsource (BPO) service provider, from May 2012 until it was acquired by Convergys Corporation (NYSE:CVG)(“Convergys”) in March 2014, at which time he co-led the integration of Stream at Convergys until September 2014. Prior to that, Mr. Shea served as Chief Operating Officer at Ceridian Corporation (“Ceridian”), a global human capital management technology company, from January 2007 to February 2012, where he led Ceridian’s quality, operations, and customer service strategies for its U.S. business unit. Prior to Ceridian, he was with GE Capital, the financial services unit of General Electric (NYSE:GE), for 16 years, where he held several leadership roles, including Senior Vice President of U.S. Operations.  Mr. Shea holds a Bachelor of Science in Business Administration from the University of North Dakota. 
Item 5.
Interest in Securities of the Issuer.
Items 5(a)-(c) are hereby amended and restated to read as follows:
The aggregate percentage of Shares reported owned by each person named herein is based upon 21,257,515 Shares outstanding as of February 5, 2016, which is the total number of Shares outstanding as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 12, 2016.
A.
Starboard V&O Fund
 
(a)
As of the date hereof, Starboard V&O Fund beneficially owned 1,986,958 Shares.
Percentage: Approximately 9.3%
 
(b)
1. Sole power to vote or direct vote: 1,986,958
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 1,986,958
 
4. Shared power to dispose or direct the disposition: 0
 
(c)
Starboard V&O Fund has not entered into any transactions in the Shares during the past sixty days.

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