SEC Form 4 · accession 0001209191-15-031588
Benefitfocus,Inc. · BNFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shawn A Jenkins
Officer — President & CEO · Director · 10% Owner
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 5:02 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 | 46,915 | $0.00 | A | 2,175,567 | D | |
| Common StockF2 | Apr 1, 2015 | F | 3,027 | $36.79 | D | 2,172,540 | 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 | $7.09 | holding | — | — | — | — | Feb 20, 2017 | Common Stock | 847,458 | 847,458 | 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.