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