0001209191-14-037817.txt : 20140529
0001209191-14-037817.hdr.sgml : 20140529
20140529205123
ACCESSION NUMBER: 0001209191-14-037817
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140527
FILED AS OF DATE: 20140529
DATE AS OF CHANGE: 20140529
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: Howell Andrew L
CENTRAL INDEX KEY: 0001294986
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36061
FILM NUMBER: 14877602
MAIL ADDRESS:
STREET 1: BLACKBAUD INC
STREET 2: 2000 DANIEL ISLAND DRIVE
CITY: CHARLESTON
STATE: SC
ZIP: 29492
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-05-27
0
0001576169
Benefitfocus,Inc.
BNFT
0001294986
Howell Andrew L
100 BENEFITFOCUS WAY
CHARLESTON
SC
29492
0
1
0
0
Chief Operating Officer
Common Stock
2014-05-27
4
M
0
9333
10.30
A
72116
D
Common Stock
2014-05-21
4
S
0
9333
35.48
D
62783
D
Stock Option (Right to Buy)
10.30
2014-05-27
4
M
0
9333
0.00
D
2022-09-30
Common Stock
9333
22667
D
Stock Option (Right to Buy)
3.12
2017-06-30
Common Stock
31606
31606
D
Stock Option (Right to Buy)
3.14
2018-02-01
Common Stock
25000
25000
D
Stock Option (Right to Buy)
3.80
2019-06-30
Common Stock
25000
25000
D
Stock Option (Right to Buy)
5.38
2020-06-30
Common Stock
75000
75000
D
Stock Option (Right to Buy)
13.53
2023-05-07
Common Stock
51461
51461
D
This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on May 19, 2014 and effective on May 20, 2014.
This transaction was executed in multiple trades at prices ranging from $35.20 to $35.85. 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 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 is fully vested.
This 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.
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
2014-05-29