Sec Form 4 Filing - GENERAL ATLANTIC LLC @ TRINET GROUP INC - 2014-03-31

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
GENERAL ATLANTIC LLC
2. Issuer Name and Ticker or Trading Symbol
TRINET GROUP INC [ TNET]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
*See Remarks
(Last) (First) (Middle)
C/O GENERAL ATLANTIC SERVICE CO., LLC, 55 EAST 52ND STREET, 32ND FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
03/31/2014
(Street)
NEW YORK, NY10055
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/31/2014 C 21,565,764 A $ 0 21,565,764 D ( 1 ) ( 3 ) ( 7 )
Common Stock 03/31/2014 C 14,379,872 A $ 0 35,945,636 D ( 1 ) ( 3 ) ( 7 )
Common Stock 03/31/2014 S 2,124,686 D $ 14.88 33,820,950 D ( 1 ) ( 4 ) ( 5 ) ( 7 ) ( 8 )
Common Stock 03/31/2014 C 2,120,072 A $ 0 2,120,072 D ( 2 ) ( 3 ) ( 7 )
Common Stock 03/31/2014 S 125,314 D $ 14.88 1,994,758 D ( 2 ) ( 6 ) ( 7 ) ( 8 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series G Preferred Stock ( 9 ) 03/31/2014 C 5,391,441 ( 9 ) ( 9 ) Common Stock 21,565,764 ( 9 ) 0 D ( 1 ) ( 3 ) ( 7 )
Series H Preferred Stock ( 9 ) 03/31/2014 C 3,594,968 ( 9 ) ( 9 ) Common Stock 14,379,872 ( 9 ) 0 D ( 1 ) ( 3 ) ( 7 )
Series H Preferred Stock ( 9 ) 03/31/2014 C 530,018 ( 9 ) ( 9 ) Common Stock 2,120,072 ( 9 ) 0 D ( 2 ) ( 3 ) ( 7 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GENERAL ATLANTIC LLC
C/O GENERAL ATLANTIC SERVICE CO., LLC
55 EAST 52ND STREET, 32ND FLOOR
NEW YORK, NY10055
X *See Remarks
GENERAL ATLANTIC GENPAR, L.P.
C/O GENERAL ATLANTIC SERVICE CO., LLC
55 EAST 52ND STREET, 32ND FLOOR
NEW YORK, NY10055
X *See Remarks
GAPCO MANAGEMENT GMBH
C/O GENERAL ATLANTIC SERVICE CO., LLC
55 EAST 52ND STREET, 32ND FLOOR
NEW YORK, NY10055
X *See Remarks
GA Trinet, LLC
C/O GENERAL ATLANTIC SERVICE CO., LLC
55 EAST 52ND STREET, 32ND FLOOR
NEW YORK, NY10055
X *See Remarks
HR Acquisitions, LLC
C/O GENERAL ATLANTIC SERVICE CO., LLC
55 EAST 52ND STREET, 32ND FLOOR
NEW YORK, NY10055
X *See Remarks
General Atlantic Partners 79, L.P.
C/O GENERAL ATLANTIC SERVICE CO., LLC
55 EAST 52ND STREET, 32ND FLOOR
NEW YORK, NY10055
X *See Remarks
Signatures
/s/ Thomas J. Murphy 03/31/2014
Signature of Reporting Person Date
/s/ Thomas J. Murphy 03/31/2014
Signature of Reporting Person Date
/s/ Thomas J. Murphy 03/31/2014
Signature of Reporting Person Date
/s/ Thomas J. Murphy 03/31/2014
Signature of Reporting Person Date
/s/ Thomas J. Murphy 03/31/2014
Signature of Reporting Person Date
/s/ Thomas J. Murphy 03/31/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )By GA TriNet, LLC ("GA TriNet"), a Delaware limited liability company.
( 2 )HR Acquisitions, LLC ("HR Acquisitions"), a Delaware limited liability company.
( 3 )Immediately prior to the initial public offering (the "IPO") of TriNet Group, Inc. (the "Issuer"), (i) 5,391,441 shares of Series G Preferred Stock ("Series G Shares") and 3,594,968 shares of Series H Preferred Stock ("Series H Shares"), each held by GA TriNet, converted into 21,565,764 shares of common stock, par value $0.00025 of the Issuer ("Common Shares") and 14,379,872 Common Shares, respectively, and (ii) 530,018 Series H Shares held by HR Acquisitions converted into 2,120,072 Common Shares.
( 4 )With respect to all of the Common Shares held by GA TriNet, General Atlantic Partners 79, L.P., a Delaware limited partnership ("GAP 79"), is a member of GA TriNet and indirectly owns 14,239,865 Common Shares; General Atlantic Partners 84, L.P., a Delaware limited partnership ("GAP 84"), is a member of GA TriNet and indirectly owns 10,599,423 Common Shares; GAP-W, LLC, a Delaware limited liability company ("GAP-W"), is a member of GA TriNet and indirectly owns 6,504,753 Common Shares; GapStar, LLC, a Delaware limited liability company ("GapStar"), is a member of GA TriNet and indirectly owns 380,459 Common Shares; (cont'd in FN 5)
( 5 )(cont'd from FN 4) GAPCO GmbH & Co. KG, a German limited partnership ("KG"), is a member of GA TriNet and indirectly owns 53,623 Common Shares; GAP Coinvestments CDA, L.P., a Delaware limited partnership ("CDA"), is a member of GA TriNet and indirectly owns 25,348 Common Shares; GAP Coinvestments III, LLC, a Delaware limited liability company ("GAPCO III"), is a member of GA TriNet and indirectly owns 1,611,909 Common Shares; and GAP Coinvestments IV, LLC, a Delaware limited liability company ("GAPCO IV"), is a member of GA TriNet and indirectly owns 405,569 Common Shares.
( 6 )With respect to all of the Common Shares held by HR Acquisitions, GAP 84 is a member of HR Acquisitions and indirectly owns 1,510,364 Common Shares; GAP-W is a member of HR Acquisitions and indirectly owns 377,215 Common Shares; GapStar is a member of HR Acquisitions and indirectly owns 4,987 Common Shares; KG is a member of HR Acquisitions and indirectly owns 3,590 Common Shares; CDA is a member of HR Acquisitions and indirectly owns 3,240 Common Shares; GAPCO III is a member of HR Acquisitions and indirectly owns 76,510 Common Shares; and GAPCO IV is a member of HR Acquisitions and indirectly owns 18,852 Common Shares.
( 7 )General Atlantic GenPar, L.P. ("GA GenPar") is the general partner of GAP 84 and the manager of GAP-W. General Atlantic LLC ("GA LLC") is the general partner of GA GenPar, the general partner of GAP 79 and CDA and the managing member of GAPCO III and GAPCO IV. GAPCO Management GmbH, a German corporation ("Management GmbH"), is the general partner of KG. The Managing Directors of GA LLC (the "GA Managing Directors") control the voting and investment decisions made by KG and Management GmbH. Certain GA Managing Directors are the members and officers of GapStar.
( 8 )Reflects the sale on March 31, 2014, of 2,124,686 Common Shares held by GA TriNet and 125,314 held by HR Acquisitions, each pursuant to that certain Underwriting Agreement, dated March 26, 2014, by and among the Issuer, the Selling Stockholders named therein, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc., as representatives of the several Underwriters listed therein.
( 9 )Not Applicable.

Remarks:
Each of the reporting persons described in the notes above may be deemed to be a member of a "group" for purposes of the Securities Exchange Act of 1934. Each reporting person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the reporting person. This report shall not be deemed an admission that the reporting persons are a member of a group or the beneficial owner of any securities not directly owned by the reporting person. This Form 4 is being filed in two parts due to the large number of reporting persons. This filing is filed by GA LLC, GA GenPar, Management GmbH, GA TriNet, HR Acquisitions and GAP 79. An accompanying filing is filed, on the date hereof, by GAP 84, GAP-W, GapStar, CDA, KG, GAPCO III and GAPCO IV. The two filings relate to the same transactions described above.

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