Filing Details
- Accession Number:
- 0001209191-16-137055
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-08-15 18:02:24
- Reporting Period:
- 2016-08-11
- Filing Date:
- 2016-08-15
- Accepted Time:
- 2016-08-15 18:02:24
- 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 |
|---|---|---|---|---|---|---|---|
| 1586540 | Jr R Mason Holland | 100 Benefitfocus Way Charleston SC 29492 | Executive Chairman Of The Bd. | Yes | 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 | Disposition | 2016-08-11 | 95,915 | $42.07 | 2,441,411 | No | 4 | S | Indirect | By Holland Family Trust |
| Common Stock | Disposition | 2016-08-15 | 50,000 | $42.40 | 2,391,411 | No | 4 | S | Indirect | By Holland Family Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By Holland Family Trust |
| No | 4 | S | Indirect | By Holland Family Trust |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 22,537 | Direct | |
| Common Stock | 5 | Indirect | As custodian for minor son |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Restricted Stock Units | $0.00 | 2016-12-31 | 4,693 | 4,693 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $7.09 | 2017-02-20 | 257,688 | 257,688 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2016-12-31 | 4,693 | 4,693 | Direct |
| 2017-02-20 | 257,688 | 257,688 | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $42.00 to $42.37. 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.
- These shares are held in a living trust for the benefit of the reporting person and his spouse. The reporting person shares voting and investment control over these shares.
- This transaction was executed in multiple trades at prices ranging from $42.08 to $42.92. 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.
- Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Issuer common stock. A percentage of PRSUs will vest upon the achievement of annual revenue goals and non-GAAP net income (loss) goals during the period of January 1, 2016 through December 31, 2016. Vesting of the PRSUs will accelerate upon death or disability in an amount equal to the proportion of days in the performance period worked. Vesting of PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the performance period.
- This option is fully vested.
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