SEC Form 4 · accession 0001209191-15-059575
Benefitfocus,Inc. · BNFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francis J. Pelzer
Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 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 | Jul 1, 2015 | A | 3,552 | $0.00 | A | 12,889 | 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)F2 | $13.53 | holding | — | — | — | — | May 7, 2023 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Represents restricted stock units that vest on the earlier of June 12, 2016 or the date of the Issuer's 2016 annual meeting of stockholders, subject to the Reporting Person's continued service on the Issuer's Board of Directors.
- F2This 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.