Filing Details
- Accession Number:
- 0001214659-15-002077
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-03-09 13:08:19
- Reporting Period:
- 2015-02-12
- Filing Date:
- 2015-03-09
- Accepted Time:
- 2015-03-09 13:08:19
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 937098 | Trinet Group Inc | TNET | Services-Business Services, Nec (7389) | 943081033 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1596741 | Martin Babinec | Trinet Group, Inc. 1100 San Leandro Blvd., Ste. 400 San Leandro CA 94577 | No | No | No | No |
Transaction Summary
| Sold: | 30,000 shares | Avg. Price: $33.16 | Total Value: $994,718.36 |
| Number of Shares After Transactions: | 20,000 shares | ||
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 | 2015-03-05 | 29,800 | $33.15 | 4,221,220 | No | 4 | S | Indirect | By Trust |
| Common Stock | Disposition | 2015-03-05 | 200 | $33.77 | 4,221,020 | No | 4 | S | Indirect | By Trust |
| Common Stock | Acquisiton | 2015-03-05 | 20,000 | $10.98 | 20,000 | No | 4 | M | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | M | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Acquisiton | 2015-02-12 | 20,000 | $0.00 | 20,000 | $35.73 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2015-03-05 | 20,000 | $0.00 | 20,000 | $10.98 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 20,000 | 2025-02-12 | No | 4 | A | Direct | |
| 0 | 2024-02-11 | No | 4 | M | Direct |
Footnotes
- The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 16, 2014.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.71 to $33.69, 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 (2) to this Form 4.
- Shares are held directly by Martin and Krista Babinec, Trustees of The Babinec Family Trust. Reporting Owner is a Trustee and has sole voting and investment power over the shares held by The Babinec Family Trust.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.76 to $33.77, 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 (4) to this Form 4.
- Option is subject to a 1-year vesting schedule, with 100% vesting upon the 12-month anniversary of February 12, 2015. The option is also subject to accelerated vesting upon certain events.
- Option is subject to a 1-year vesting schedule, with 100% vesting upon the 12-month anniversary of February 11, 2014. The option is also subject to accelerated vesting upon certain events.
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