SEC Form 4 · accession 0001209191-15-031549
Benefitfocus,Inc. · BNFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Milton Alpern
Officer — Chief Financial Officer
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 4:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001576169
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2015 | A | 17,504 | $0.00 | A | 30,656 | D | |
| Common StockF2 | Apr 1, 2015 | F | 1,123 | $36.79 | D | 29,533 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $8.11 | holding | — | — | — | — | Jan 31, 2022 | Common Stock | 176,844 | 176,844 | D |
| Stock Option (Right to Buy)F4 | $9.33 | holding | — | — | — | — | Jun 30, 2022 | Common Stock | 12,115 | 12,115 | D |
| Stock Option (Right to Buy)F5 | $10.30 | holding | — | — | — | — | Sep 30, 2022 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1Represents restricted stock units which vest in four equal annual installments beginning on April 1, 2016, subject to continued employment.
- F2Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock units granted April 1, 2014.
- F3This option was granted on January 31, 2012 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on January 9, 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.
- F4This option was granted on July 1, 2012 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on January 9, 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.
- F5This 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.