0001209191-15-031598.txt : 20150402 0001209191-15-031598.hdr.sgml : 20150402 20150402170411 ACCESSION NUMBER: 0001209191-15-031598 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150401 FILED AS OF DATE: 20150402 DATE AS OF CHANGE: 20150402 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Benefitfocus,Inc. CENTRAL INDEX KEY: 0001576169 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 462346314 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 100 BENEFITFOCUS WAY CITY: CHARLESTON STATE: SC ZIP: 29492 BUSINESS PHONE: 843-849-7476 MAIL ADDRESS: STREET 1: 100 BENEFITFOCUS WAY CITY: CHARLESTON STATE: SC ZIP: 29492 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Taylor Donald R Jr CENTRAL INDEX KEY: 0001586548 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36061 FILM NUMBER: 15748702 MAIL ADDRESS: STREET 1: C/O BENEFITFOCUS, INC. STREET 2: 100 BENEFITFOCUS WAY CITY: CHARLESTON STATE: SC ZIP: 29492 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2015-04-01 0 0001576169 Benefitfocus,Inc. BNFT 0001586548 Taylor Donald R Jr 100 BENEFITFOCUS WAY CHARLESTON SC 29492 0 1 0 0 Chief Technology Officer Common Stock 2015-04-01 4 M 0 13500 3.09 A 76501 D Common Stock 2015-04-01 4 S 0 11900 34.99 D 64601 D Common Stock 2015-04-01 4 S 0 1600 35.97 D 63001 D Common Stock 2015-04-01 4 A 0 16914 0.00 A 79915 D Common Stock 2015-04-01 4 F 0 1091 36.79 D 78824 D Stock Option (Right to Buy) 3.09 2015-04-01 4 M 0 13500 0.00 D 2017-03-31 Common Stock 13500 0 D Stock Option (Right to Buy) 3.80 2019-06-30 Common Stock 33482 33482 D Stock Option (Right to Buy) 5.38 2020-06-30 Common Stock 19644 19644 D Stock Option (Right to Buy) 10.30 2022-10-01 Common Stock 7000 7000 D Stock Option (Right to Buy) 13.53 2023-05-07 Common Stock 5000 5000 D This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2014 and amended on November 24, 2014. This transaction was executed in multiple trades at prices ranging from $34.65 to $35.60. 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. This transaction was executed in multiple trades at prices ranging from $35.65 to $36.41. 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. Represents restricted stock units which vest in four equal annual installments beginning on April 1, 2016, subject to continued employment. Represents 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. This option is fully vested. This option was granted on July 1, 2010 and vested 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. This 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. This 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. /s/ Donald R. Reynolds, Attorney-in-Fact 2015-04-02