Filing Details
- Accession Number:
- 0001209191-20-023260
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-04-03 17:04:43
- Reporting Period:
- 2020-04-01
- Accepted Time:
- 2020-04-03 17:04:43
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1576169 | BenefitfocusInc. | BNFT | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1427813 | P James Restivo | 100 Benefitfocus Way Charleston SC 29492 | Chief Technology 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 | Disposition | 2020-04-01 | 901 | $0.00 | 82,506 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-04-01 | 6,894 | $8.15 | 75,612 | 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 | 901 | $0.00 | 901 | $0.00 |
| Common Stock | Performance Restricted Stock Units | Disposition | 2020-04-01 | 2,101 | $0.00 | 2,101 | $0.00 |
| Common Stock | Performance Restricted Stock Units | Disposition | 2020-04-01 | 16,014 | $0.00 | 16,014 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,101 | 2020-04-01 | No | 4 | M | Direct | |
| 0 | 2020-04-01 | No | 4 | D | Direct | |
| 0 | 2023-04-01 | No | 4 | D | Direct |
Footnotes
- 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.
- This sale 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.
- Represents the portion of PRSUs that were forfeited to the Issuer after determining the percentage of PRSUs that vested.
Billionaire Hedge Funds
