SEC Form 4 · accession 0001209191-15-031575
Benefitfocus,Inc. · BNFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew L Howell
Officer — Chief Commercial Officer
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 5:00 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 | 21,005 | $0.00 | A | 199,162 | D | |
| Common StockF2 | Apr 1, 2015 | F | 1,356 | $36.79 | D | 197,806 | 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 | $3.80 | holding | — | — | — | — | Jun 30, 2019 | Common Stock | 3,098 | 3,098 | D |
| Stock Option (Right to Buy)F4 | $5.38 | holding | — | — | — | — | Jun 30, 2020 | Common Stock | 7,608 | 7,608 | D |
| Stock Option (Right to Buy)F5 | $10.30 | holding | — | — | — | — | Sep 30, 2022 | Common Stock | 22,667 | 22,667 | D |
| Stock Option (Right to Buy)F6 | $13.53 | holding | — | — | — | — | May 7, 2023 | Common Stock | 51,461 | 51,461 | 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 is fully vested.
- F4This 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.
- 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.
- F6This 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.