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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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
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
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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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	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.