SEC Form 4 · accession 0001209191-15-082319
Benefitfocus,Inc. · BNFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mason R Holland Jr.
Officer — Executive Chairman of the Bd. · Director · 10% Owner
Period of report
Nov 23, 2015
Accepted (ET)
Nov 25, 2015 · 9:51 pm EST
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,F2 | Nov 23, 2015 | S | 50,000 | $41.23 | D | 2,567,962 | I | By Holland Family Trust |
| Common StockF3,F2 | Nov 24, 2015 | S | 8,455 | $41.02 | D | 2,559,507 | I | By Holland Family Trust |
| Common StockF4,F2 | Nov 25, 2015 | S | 22,181 | $41.58 | D | 2,537,326 | I | By Holland Family Trust |
| Common Stock | holding | — | — | — | 13,190 | D | ||
| Common Stock | holding | — | — | — | 5 | I | As custodian for minor son |
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)F5 | $7.09 | holding | — | — | — | — | Feb 20, 2017 | Common Stock | 257,688 | 257,688 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $41.00 to $41.57. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- F2These shares are held in a living trust for the benefit of the reporting person and his spouse. The reporting person shares voting and investment control over these shares.
- F3This transaction was executed in multiple trades at prices ranging from $41.00 to $41.09. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- F4This transaction was executed in multiple trades at prices ranging from $41.50 to $41.87. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- F5This option is fully vested.