BECKERT RICHARD J 4
4 · TRINET GROUP INC · Filed Feb 20, 2019
Insider Transaction Report
Form 4
TRINET GROUP INCTNET
BECKERT RICHARD J
SVP, CHIEF FINANCIAL OFFICER
Transactions
- Exercise/Conversion
Common Stock
2019-02-15+2,840→ 116,979 total - Tax Payment
Common Stock
2019-02-15$49.53/sh−250$12,383→ 115,675 total - Exercise/Conversion
Restricted Stock Units
2019-02-15−2,840→ 0 total→ Common Stock (2,840 underlying) - Tax Payment
Common Stock
2019-02-15$49.53/sh−1,054$52,205→ 115,925 total
Footnotes (5)
- [F1]Includes 25,561 unvested restricted stock units ("RSUs") from an award of 45,441 RSUs originally granted on July 17, 2017 and were previously reported in Table II of a Form 4 filed by the Reporting Person on July 19, 2017 and which are now being reported as common stock and included in Column 5 of Table I. The RSUs are subject to a 4-year vesting schedule: one-fourth of the total number of shares vesting on the first anniversary of the grant date, and thereafter one-sixteenth 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 RSUs are also subject to accelerated vesting upon certain events.
- [F2]Restricted Stock Units convert into common stock on a one-for-one basis.
- [F3]Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the restricted stock units granted on July 17, 2017.
- [F4]Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the restricted stock awards granted on March 8, 2018.
- [F5]On July 17, 2017, the Reporting Person was granted 45,441 restricted stock units ("RSUs"), subject to a 4-year vesting schedule: one-fourth of the total number of shares vesting on the first anniversary of the grant date, and thereafter one-sixteenth 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 RSUs are also subject to accelerated vesting upon certain events. Such RSUs are now being reported as common stock and included in Column 5 of Table I.