Burton M. Goldfield - 15 Nov 2021 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Signature
/s/ Sheryl Southwick, Attorney-in-fact
Issuer symbol
TNET
Transactions as of
15 Nov 2021
Net transactions value
-$1,220,040
Form type
4
Filing time
17 Nov 2021, 19:14:49 UTC
Previous filing
27 Oct 2021
Next filing
27 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Gift $0 -10,000 -2.5% $0.000000 392,771 27 Oct 2021 By Trust F1
transaction TNET Common Stock Tax liability $141,189 -1,302 -0.6% $108.44 214,669 15 Nov 2021 Direct F2
transaction TNET Common Stock Tax liability $108,874 -1,004 -0.47% $108.44 213,665 15 Nov 2021 Direct F3
transaction TNET Common Stock Tax liability $206,687 -1,906 -0.89% $108.44 211,759 15 Nov 2021 Direct F4
transaction TNET Common Stock Tax liability $120,585 -1,112 -0.53% $108.44 210,647 15 Nov 2021 Direct F5
transaction TNET Common Stock Sale $43,185 -405 -0.1% $106.63 392,366 16 Nov 2021 By Trust F1, F6, F7
transaction TNET Common Stock Sale $406,498 -3,762 -0.96% $108.05 388,604 16 Nov 2021 By Trust F1, F6, F8
transaction TNET Common Stock Options Exercise $21,960 +2,000 +0.95% $10.98 212,647 17 Nov 2021 Direct F9
transaction TNET Common Stock Sale $214,984 -2,000 -0.94% $107.49 210,647 17 Nov 2021 Direct F6, F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TNET Employee Stock Option (right to buy) Options Exercise $0 -2,000 -1.8% $0.000000 107,285 17 Nov 2021 Common Stock 2,000 $10.98 Direct F9, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock award granted on March 8, 2018.
F3 Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on March 18, 2019.
F4 Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on February 28, 2020.
F5 Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on March 15, 2021.
F6 The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F7 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.40 to $106.95, 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.
F8 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.41 to $108.25, 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.
F9 The exercise reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F10 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.2450 to $107.94, 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.
F11 Option is subject to a 4-year vesting schedule, with 25% vesting upon the 12-month anniversary of February 1, 2014, and 1/48th of the total number of shares vesting each month thereafter. The Option is also subject to accelerated vesting upon certain events.