Filing Details

Accession Number:
0001209191-20-023255
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-04-03 17:03:39
Reporting Period:
2020-04-01
Accepted Time:
2020-04-03 17:03:39
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
1799183 Annmarie Fini 100 Benefitfocus Way
Charleston SC 29492
Exec. Vp Customer Success Org. 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 2020-04-01 319 $0.00 51,952 No 4 M Direct
Common Stock Disposition 2020-04-01 3,245 $8.15 48,707 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Performance Restricted Stock Units Disposition 2020-04-01 319 $0.00 319 $0.00
Common Stock Performance Restricted Stock Units Disposition 2020-04-01 744 $0.00 744 $0.00
Common Stock Performance Restricted Stock Units Disposition 2020-04-01 9,572 $0.00 9,572 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
744 2020-04-01 No 4 M Direct
0 2020-04-01 No 4 D Direct
0 2023-04-01 No 4 D 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) $5.38 2020-07-01 5,000 5,000 Direct
Common Stock Stock Option (Right to Buy) $10.30 2022-10-01 7,000 7,000 Direct
Common Stock Stock Option (Right to Buy) $13.53 2023-05-08 2,000 2,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-07-01 5,000 5,000 Direct
2022-10-01 7,000 7,000 Direct
2023-05-08 2,000 2,000 Direct
Footnotes
  1. Shares earned upon the vesting of a percentage of the performance restricted stock units ("PRSUs") granted to the Reporting Person on April 1, 2019. Each PRSU represented a contingent right to receive one share of Issuer common stock upon the Issuer's achievement of an annual revenue goal and an adjusted EBITDA goal, during the period of January 1, 2019 through December 31, 2019.
  2. This transaction was executed in multiple trades at prices ranging from $7.99 to $8.63. 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 transaction were effected.
  3. Represents the portion of PRSUs that were forfeited to the Issuer after determining the percentage of PRSUs that vested.
  4. This option was granted on July 1, 2010 and vested 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.
  5. This option was granted on October 1, 2012 and vested 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.
  6. This option was granted on May 8, 2013 and vested 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.