Burton M. Goldfield - 21 Jul 2021 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Signature
/s/ Sheryl Southwick, Attorney-in-fact
Issuer symbol
TNET
Transactions as of
21 Jul 2021
Net transactions value
-$427,013
Form type
4
Filing time
23 Jul 2021, 19:44:12 UTC
Previous filing
25 Jun 2021
Next filing
17 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Sale $259,509 -3,566 -0.83% $72.77 428,370 21 Jul 2021 By Trust F1, F2, F3
transaction TNET Common Stock Sale $43,979 -600 -0.14% $73.30 427,770 21 Jul 2021 By Trust F1, F3, F4
transaction TNET Common Stock Options Exercise $21,960 +2,000 +0.9% $10.98* 223,295 23 Jul 2021 Direct F5
transaction TNET Common Stock Sale $142,564 -1,960 -0.88% $72.74 221,335 23 Jul 2021 Direct F1, F6
transaction TNET Common Stock Sale $2,921 -40 -0.02% $73.02 221,295 23 Jul 2021 Direct F1, F7

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 -1.7% $0.000000 115,285 23 Jul 2021 Common Stock 2,000 $10.98 Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.23 to $73.22, 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.
F3 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.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.26 to $73.43, 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.
F5 The exercise 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 $72.01 to $73.00, 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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.01 to $73.02, 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 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.