Filing Details
- Accession Number:
- 0001209191-14-036452
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-05-22 21:14:08
- Reporting Period:
- 2014-05-20
- Filing Date:
- 2014-05-22
- Accepted Time:
- 2014-05-22 21:14:08
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1576169 | BenefitfocusInc. | BNFT | Services-Prepackaged Software (7372) | 462346314 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1294986 | L Andrew Howell | 100 Benefitfocus Way Charleston SC 29492 | Chief Operating Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2014-05-20 | 4,000 | $13.53 | 66,783 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-05-20 | 4,000 | $33.64 | 62,783 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2014-05-21 | 9,539 | $13.53 | 72,322 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-05-21 | 9,539 | $33.79 | 62,783 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2014-05-20 | 4,000 | $0.00 | 4,000 | $13.53 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2014-05-21 | 9,539 | $0.00 | 9,539 | $13.53 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 61,000 | 2023-05-07 | No | 4 | M | Direct | |
| 51,461 | 2023-05-07 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | $3.12 | 2017-06-30 | 31,606 | 31,606 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $3.14 | 2018-02-01 | 25,000 | 25,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $3.80 | 2019-06-30 | 25,000 | 25,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $5.38 | 2020-06-30 | 75,000 | 75,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $10.30 | 2022-09-30 | 32,000 | 32,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2017-06-30 | 31,606 | 31,606 | Direct |
| 2018-02-01 | 25,000 | 25,000 | Direct |
| 2019-06-30 | 25,000 | 25,000 | Direct |
| 2020-06-30 | 75,000 | 75,000 | Direct |
| 2022-09-30 | 32,000 | 32,000 | Direct |
Footnotes
- This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on May 19, 2014 and effective on May 20, 2014.
- This transaction was executed in multiple trades at prices ranging from $33.50 to $33.74. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- This transaction was executed in multiple trades at prices ranging from $33.61 to $34.22. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- This option was granted on May 8, 2013 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on May 8, 2014, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months.
- This option is fully vested.
- This option was granted on July 1, 2010 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on July 1, 2011, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months.
- This option was granted on October 1, 2012 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on October 1, 2013, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months.
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