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NSP Insperity Inc

100.05
3.97 (4.13%)
After Hours
Last Updated: 22:34:08
Delayed by 15 minutes
Share Name Share Symbol Market Type
Insperity Inc NYSE:NSP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  3.97 4.13% 100.05 100.345 96.10 96.92 262,740 22:34:08

Statement of Changes in Beneficial Ownership (4)

25/05/2018 9:36pm

Edgar (US Regulatory)


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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

RAWSON RICHARD G
2. Issuer Name and Ticker or Trading Symbol

INSPERITY, INC. [ NSP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

19001 CRESCENT SPRINGS DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/18/2018
(Street)

KINGWOOD, TX 77339
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/18/2018     D (1)    5280   D $0   152553   D    
Common Stock   5/18/2018     D (1)    7488   D $0   145065   D    
Common Stock   5/23/2018     A    1194   A $0   (2) 146259   D    
Common Stock   5/23/2018     S    10000   D $89.51   (3) 293850   I   By Self, as General Partner of POM Services, LLC, which is the General Partner of RDKB Rawson, LP  
Common Stock                  272116   I   By Self, as General Partner of POM Services, LLC, which is the General Partner of R&D Rawson, LP  
Common Stock                  700   I   Held By Dawn M. Rawson, Spouse  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Phantom Stock Performance Units (Stock Settled)     (4) 5/18/2018     D         4082   (5)     (6)   (6) Common Stock   4082   $0   13500   D    
Phantom Stock Performance Units (Stock Settled)     (4) 5/18/2018     D         7100   (7)     (6)   (6) Common Stock   7100   $0   6400   D    
Phantom Stock Performance Units (Stock Settled)     (4) 5/18/2018     D         6400   (8)     (6)   (6) Common Stock   6400   $0   0   D    

Explanation of Responses:
(1)  Forfeiture of time vested restricted stock upon retirement as President.
(2)  Annual stock award pursuant to the Insperity, Inc. Directors Compensation Plan.
(3)  Weighted average price. Actual prices ranged from $89.40 to $89.65. Full information regarding the number of shares sold at each separate price will be provided upon request to the SEC's staff, Insperity, Inc. or its stockholders.
(4)  Each phantom stock performance unit represents a contingent right to receive one share of Insperity, Inc. common stock ("Common Stock") pursuant to the terms of the Insperity, Inc. Long-Term Incentive Program (the "LTIP") under the Insperity, Inc. 2012 Incentive Plan based on a three-year performance period award cycle.
(5)  These three-year performance awards were granted in 2016. The 2016 performance requirement for these awards were certified by the Compensation Committee on February 15, 2017. These performance awards also have a time-based service requirement that was not satisfied upon retirement as President, therefore the awards were forfeited.
(6)  The phantom stock performance units vest at the end of the three-year award cycle period following certification in accordance with the LTIP of the achievement of all performance goals for the performance periods applicable to such award.
(7)  These three-year performance awards were granted in 2016. The 2017 performance requirement for these awards were certified by the Compensation Committee on February 21, 2018. These performance awards also have a time-based service requirement that was not satisfied upon retirement as President, therefore the awards were forfeited.
(8)  These three-year performance awards were granted in 2017. The 2017 performance requirement for these awards were certified by the Compensation Committee on February 21, 2018. These performance awards also have a time-based service requirement that was not satisfied upon retirement as President, therefore the awards were forfeited.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
RAWSON RICHARD G
19001 CRESCENT SPRINGS DRIVE
KINGWOOD, TX 77339
X



Signatures
/s/ Daniel D. Herink, by Power of Attorney 5/25/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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