Filing Details
- Accession Number:
- 0001209191-15-042275
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-05-13 16:25:08
- Reporting Period:
- 2015-05-11
- Filing Date:
- 2015-05-13
- Accepted Time:
- 2015-05-13 16:25:08
- 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 Commercial 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 | 2015-05-11 | 3,098 | $3.80 | 200,904 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2015-05-11 | 4,266 | $5.38 | 205,170 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2015-05-11 | 3,079 | $10.30 | 208,249 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2015-05-11 | 16,057 | $13.53 | 224,306 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2015-05-11 | 26,500 | $35.07 | 197,806 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | 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 | 2015-05-11 | 3,098 | $0.00 | 3,098 | $3.80 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2015-05-11 | 4,266 | $0.00 | 4,266 | $5.38 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2015-05-11 | 3,079 | $0.00 | 3,079 | $10.30 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2015-05-11 | 16,057 | $0.00 | 16,057 | $13.53 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2019-06-30 | No | 4 | M | Direct | |
| 3,342 | 2020-06-30 | No | 4 | M | Direct | |
| 19,588 | 2022-09-30 | No | 4 | M | Direct | |
| 35,404 | 2023-05-07 | No | 4 | M | Direct |
Footnotes
- This sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on May 8, 2015 and effective on May 11, 2015.
- This transaction was executed in multiple trades at prices ranging from $34.77 to $35.51. 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 exercise was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on May 8, 2015 and effective on May 11, 2015.
- 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.
- 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.
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