SEC Form 4 · accession 0001209191-15-068828
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
Aug 31, 2015
Accepted (ET)
Sep 1, 2015 · 4:41 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 Stock | Aug 31, 2015 | M | 3,342 | $5.38 | A | 173,148 | D | |
| Common Stock | Aug 31, 2015 | M | 10,254 | $10.30 | A | 183,402 | D | |
| Common Stock | Aug 31, 2015 | M | 1,549 | $13.53 | A | 184,951 | 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)F1 | $5.38 | Aug 31, 2015 | M | 3,342 | D | — | Jun 30, 2020 | Common Stock | 3,342 | 0 | D |
| Stock Option (Right to Buy)F2 | $10.30 | Aug 31, 2015 | M | 10,254 | D | — | Sep 30, 2022 | Common Stock | 10,254 | 9,334 | D |
| Stock Option (Right to Buy)F3 | $13.53 | Aug 31, 2015 | M | 1,549 | D | — | May 7, 2023 | Common Stock | 1,549 | 33,855 | D |
Explanation of responses
- F1This 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.
- F2This 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.
- F3This 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.