Filing Details
- Accession Number:
- 0001209191-14-040655
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-06-11 18:09:39
- Reporting Period:
- 2014-06-09
- Filing Date:
- 2014-06-11
- Accepted Time:
- 2014-06-11 18:09:39
- 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 |
|---|---|---|---|---|---|---|---|
| 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 | 2014-06-09 | 7,163 | $5.38 | 101,552 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-06-09 | 7,163 | $40.29 | 94,389 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2014-06-10 | 2,725 | $5.38 | 97,114 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-06-10 | 2,725 | $40.13 | 94,389 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2014-06-10 | 25,000 | $3.14 | 119,389 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2014-06-10 | 21,902 | $3.80 | 141,291 | No | 4 | M | 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 | |
| No | 4 | M | Direct | |
| No | 4 | M | 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 | 2014-06-09 | 7,163 | $0.00 | 7,163 | $5.38 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2014-06-10 | 2,725 | $0.00 | 2,725 | $5.38 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2014-06-10 | 25,000 | $0.00 | 25,000 | $3.14 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2014-06-10 | 21,902 | $0.00 | 21,902 | $3.80 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 67,837 | 2020-06-30 | No | 4 | M | Direct | |
| 65,112 | 2020-06-30 | No | 4 | M | Direct | |
| 0 | 2018-02-01 | No | 4 | M | Direct | |
| 3,098 | 2019-06-30 | 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) | $10.30 | 2022-09-30 | 22,667 | 22,667 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $13.53 | 2023-05-07 | 51,461 | 51,461 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2022-09-30 | 22,667 | 22,667 | Direct |
| 2023-05-07 | 51,461 | 51,461 | Direct |
Footnotes
- This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2014.
- This transaction was executed in multiple trades at prices ranging from $40.00 to $40.75. 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 $40.00 to $40.245. 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 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 is fully vested.
- 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.
Billionaire Hedge Funds
