Filing Details

Accession Number:
0000937098-23-000196
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-28 18:18:56
Reporting Period:
2023-09-26
Accepted Time:
2023-09-28 18:18:56
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 Acquisiton 2023-09-26 4,724 $33.51 175,427 No 4 M Direct
Common Stock Disposition 2023-09-26 3,287 $113.42 172,140 No 4 S Direct
Common Stock Disposition 2023-09-26 1,006 $114.45 171,134 No 4 S Direct
Common Stock Disposition 2023-09-26 431 $115.15 170,703 No 4 S Direct
Common Stock Acquisiton 2023-09-27 2,918 $33.51 173,621 No 4 M Direct
Common Stock Disposition 2023-09-27 610 $115.21 173,011 No 4 S Direct
Common Stock Disposition 2023-09-27 1,309 $116.05 171,702 No 4 S Direct
Common Stock Disposition 2023-09-27 999 $117.16 170,703 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 S 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 2023-09-26 4,724 $0.00 4,724 $33.51
Common Stock Employee Stock Option (right to buy) Disposition 2023-09-27 2,918 $0.00 2,918 $33.51
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
16,996 2025-03-05 No 4 M Direct
14,078 2025-03-05 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 369,744 Indirect By Trust
Footnotes
  1. The exercise reported on this Form 4 was effected pursuant to a 10b5-1 trading plan established by the Reporting Person on November 17, 2022 prior to the adoption of final amendments to Rule 10b5-1 on December 14, 2022.
  2. The total securities beneficially owned includes shares of unvested restricted stock units. It excludes unvested performance-based restricted stock units which will be reported when earned upon achievement of certainperformance criteria.
  3. The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan established by the Reporting Person on November 17, 2022 prior to the adoption of final amendments to Rule 10b5-1 on December 14, 2022.
  4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.98 to $113.97, 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.
  5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.98 to $114.92, 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.
  6. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.01 to $115.63, 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.
  7. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.56 to $115.52, 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.
  8. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.57 to $116.5550 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.
  9. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.6650 to $117.54, 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.
  10. 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.
  11. Option is subject to a 4-year vesting schedule, with 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 on March 5, 2015. The Option is also subject to accelerated vesting upon certain events.