SEC Form 4 · accession 0001209191-15-082679
Benefitfocus,Inc. · BNFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Milton Alpern
Officer — Chief Financial Officer
Period of report
Nov 27, 2015
Accepted (ET)
Dec 1, 2015 · 6:26 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 Stock | Nov 27, 2015 | M | 5,000 | $8.11 | A | 34,533 | D | |
| Common StockF2 | Nov 27, 2015 | S | 5,000 | $40.52 | D | 29,533 | 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 | $8.11 | Nov 27, 2015 | M | 5,000 | D | — | Jan 8, 2022 | Common Stock | 5,000 | 156,844 | D |
| Stock Option (Right to Buy)F4 | $9.33 | holding | — | — | — | — | Jun 30, 2022 | Common Stock | 12,115 | 12,115 | D |
| Stock Option (Right to Buy)F5 | $10.30 | holding | — | — | — | — | Sep 30, 2022 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2015 and modified on November 12, 2015 effective on November 27, 2015.
- F2This transaction was executed in multiple trades at prices ranging from $40.21 to $40.72. 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.
- F3This option was granted on January 9, 2012 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on January 9, 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.
- F4This option was granted on July 1, 2012 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on January 9, 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.
- 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.