X0306 4 2016-08-05 0001576169 Benefitfocus,Inc. BNFT 0001199270 LAMONT ANN H C/O OAK INVESTMENT PARTNERS 901 MAIN AVENUE, SUITE 600 NORWALK CT 06851 1 0 0 0 0001365607 OAK INVESTMENT PARTNERS XII L P 901 MAIN AVENUE SUITE 600 NORWALK CT 06851 0 0 0 1 Less then 10% Ownership Common Stock 2016-08-05 4 J 0 976500 D 630378 I See Note (2) On August 5, 2016, Oak Investment Partners XII, L.P., a Delaware limited partnership, ("Oak XII") made an in-kind distribution, without any additional consideration, of common stock of the Issuer to the limited partners of Oak XII. Represents shares directly owned by Oak XII. Oak Associates XII, LLC, a Delaware limited liability company ("Oak Associates") and the General Partner of Oak XII, may be deemed to beneficially own these shares. Remarks: This Form 4 report is being filed by Ms. Lamont, Oak XII, and Oak Associates (together the "Reporting Persons"). Ms. Lamont is a managing member of Oak Associates and has the shared power to vote and dispose of the shares held by Oak XII. However, each Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership (as defined in Rule 16a-1(a)(2)) of any securities (except to the extent of such Reporting Person's pecuniary interest in such securities) other than any securities reported herein as being dirctly owned by such Reporting Person, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of any such securities for purposes of Section 16 or for any other purpose. /s/ Ann H. Lamont 2016-08-08 /s/ Ann H. Lamont, Managing Member of Oak Associates XII, LLC, general partner of Oak Investment Partners XII, Limited Partnership 2016-08-08 /s/ Ann H. Lamont, Managing Member of Oak Associates XII, LLC 2016-08-08