0000921895-17-000914.txt : 20170403
0000921895-17-000914.hdr.sgml : 20170403
20170403175445
ACCESSION NUMBER: 0000921895-17-000914
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170331
FILED AS OF DATE: 20170403
DATE AS OF CHANGE: 20170403
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: INSPERITY, INC.
CENTRAL INDEX KEY: 0001000753
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363]
IRS NUMBER: 760479645
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 19001 CRESCENT SPRINGS DR
CITY: KINGWOOD
STATE: TX
ZIP: 77339
BUSINESS PHONE: 7133588986
MAIL ADDRESS:
STREET 1: 19001 CRESCENT SPRINGS DR
CITY: KINGWOOD
STATE: TX
ZIP: 77339
FORMER COMPANY:
FORMER CONFORMED NAME: ADMINISTAFF INC \DE\
DATE OF NAME CHANGE: 19950915
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Feld Peter A
CENTRAL INDEX KEY: 0001410600
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13998
FILM NUMBER: 17735598
MAIL ADDRESS:
STREET 1: 777 THIRD AVENUE, 18TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
4
1
form406297178_04032017.xml
OWNERSHIP DOCUMENT
X0306
4
2017-03-31
0
0001000753
INSPERITY, INC.
NSP
0001410600
Feld Peter A
777 THIRD AVENUE, 18TH FLOOR
NEW YORK
NY
10017
1
0
0
0
Common Stock
2017-03-31
4
A
0
200
0
A
5041
D
Common Stock
393107
I
By Starboard Value and Opportunity Master Fund Ltd.
Common Stock
88004
I
By Starboard Value and Opportunity S LLC
Common Stock
47743
I
By Starboard Value and Opportunity C LP
Common Stock
131146
I
By Managed Account of Starboard Value LP
Mr. Feld was awarded these shares in lieu of $17,750 cash compensation for his services as a member of the Board of Directors of Insperity, Inc. (the "Issuer") during the first quarter of 2017, based on a March 31, 2017 closing price per share of $88.65. Compensation includes a quarterly director's fee of $15,250 and a quarterly fee of $2,500 for serving as a member of the Compensation Committee of the Issuer's Board of Directors. In addition to the shares of common stock awarded, Mr. Feld will also receive $20.00 in cash.
Shares of common stock directly held by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of the investment manager of Starboard V&O Fund, and as a member and member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares directly held by Starboard V&O Fund for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Shares of common stock directly held by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares directly held by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Shares of common stock directly held by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard C LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares directly held by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Shares of common stock held in an account managed by Starboard Value LP (the "Managed Account"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of Starboard Value LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares held in the Managed Account for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
/s/ Peter A. Feld
2017-04-03