Agi T, L.P. - Mar 24, 2022 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Role
Director, 10%+ Owner
Signature
By: ATAIROS PARTNERS GP, INC., by /s/ David L. Caplan, Vice President
Stock symbol
TNET
Transactions as of
Mar 24, 2022
Transactions value $
$0
Form type
4
Date filed
3/28/2022, 07:15 PM
Next filing
Mar 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Award $0 +2.1K +8.34% $0.00 27.3K Mar 24, 2022 See Footnote F1, F2, F3, F4
holding TNET Common Stock 3.76M Mar 24, 2022 See Footnote F3, F4, F5
holding TNET Common Stock 17.7M Mar 24, 2022 See Footnote F3, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the grant to Mr. Angelakis of Restricted Stock Units that convert into Common Stock, par value $0.000025 per share, of the Issuer ("Common Stock"), on a one-for-one basis. The Restricted Stock Units will vest 100% on the date of the Company's 2023 Annual Meeting of the Stockholders, subject to Mr. Angelakis' continued service. The Restricted Stock Units are also subject to accelerated vesting upon certain events.
F2 Reflects (i) 2,099 Restricted Stock Units and (ii) 25,180 shares of Common Stock directly beneficially owned by Mr. Angelakis, which were previously delivered to Mr. Angelakis in connection with the vesting of Restricted Stock Units granted to him in his capacity as a director of the Issuer.
F3 This Form 4 is being filed by more than one Reporting Person. A-T Holdings GP, LLC is the general partner of AGI-T, L.P. Atairos Group, Inc. is the sole member and manager of A-T Holdings GP, LLC and the sole limited partner of AGI-T, L.P. A-A SMA GP, LLC is the general partner of A-A SMA, L.P. Atairos Group, Inc. is the sole member and manager of A-A SMA GP, LLC and the sole limited partner of A-A SMA, L.P. Atairos Partners, L.P. is the sole voting shareholder of Atairos Group, Inc. Atairos Partners GP, Inc. is the general partner of Atairos Partners, L.P. Michael J. Angelakis directly or indirectly controls a majority of the voting power of Atairos Partners GP, Inc. and serves on the board of directors of the Issuer. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.
F4 Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.
F5 Reflects shares of Common Stock directly beneficially owned by A-A SMA, L.P.
F6 Reflects shares of Common Stock directly beneficially owned by AGI-T, L.P.