* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Includes 23,675 unvested restricted stock awards ("RSAs") from an award of 23,675 RSAs granted on May 10, 2018. The RSAs 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 RSAs are also subject to accelerated vesting upon certain events. |
(2) |
Includes 45,233 unvested performance-based restricted shares ("PSAs") in connection with a PSA award with a target award amount of 23,675 PSAs that was granted on May 10, 2018 and that was determined to be earned based on performance for the period ending December 31,2018. The PSAs will vest as follows: 50% on December 31, 2019 and 50% on December 31, 2020, subject to continued service through each date. The PSAs are subject to accelerated vesting upon certain events. Each PSA represents a contingent right to receive one share of TNET common stock upon vesting. |
(3) |
Includes 20,247 unvested restricted stock units ("RSUs") from an award of 20,247 RSUs granted on March 18, 2019. The RSU is subject to a 4-year vesting schedule: 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 RSU is also subject to accelerated vesting upon certain events. |