Burton M. Goldfield - 15 Feb 2022 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Signature
/s/ Sheryl Southwick, Attorney-in-fact
Issuer symbol
TNET
Transactions as of
15 Feb 2022
Net transactions value
-$827,897
Form type
4
Filing time
17 Feb 2022, 19:53:49 UTC
Previous filing
26 Jan 2022
Next filing
08 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Tax liability $76,729 -909 -0.68% $84.41 133,282 15 Feb 2022 Direct F1
transaction TNET Common Stock Tax liability $59,171 -701 -0.53% $84.41 132,581 15 Feb 2022 Direct F2
transaction TNET Common Stock Tax liability $112,181 -1,329 -1% $84.41 131,252 15 Feb 2022 Direct F3
transaction TNET Common Stock Tax liability $73,099 -866 -0.66% $84.41 130,386 15 Feb 2022 Direct F4
transaction TNET Common Stock Sale $190,012 -2,303 -0.54% $82.51 426,395 16 Feb 2022 By Trust F5, F6, F7
transaction TNET Common Stock Sale $55,686 -666 -0.16% $83.61 425,729 16 Feb 2022 By Trust F5, F7, F8
transaction TNET Common Stock Sale $84,847 -1,008 -0.24% $84.17 424,721 16 Feb 2022 By Trust F5, F7, F9
transaction TNET Common Stock Sale $16,195 -190 -0.04% $85.24 424,531 16 Feb 2022 By Trust F5, F7, F10
transaction TNET Common Stock Options Exercise $21,960 +2,000 +1.5% $10.98 132,386 17 Feb 2022 Direct F11
transaction TNET Common Stock Sale $181,937 -2,000 -1.5% $90.97 130,386 17 Feb 2022 Direct F5, F12

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 -1.9% $0.000000 101,285 17 Feb 2022 Common Stock 2,000 $10.98 Direct F11, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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 unit award granted on March 18, 2019.
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 February 28, 2020.
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 March 15, 2021.
F5 The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.05 to $83.04, 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.
F7 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.
F8 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.07 to $84.01, 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 price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.07 to $85.06, 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.
F10 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.19 to $85.3950, 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 The exercise reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F12 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.56 to $91.07, 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.
F13 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.