0001209191-20-023260.txt : 20200403
0001209191-20-023260.hdr.sgml : 20200403
20200403170443
ACCESSION NUMBER: 0001209191-20-023260
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200401
FILED AS OF DATE: 20200403
DATE AS OF CHANGE: 20200403
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Restivo James P
CENTRAL INDEX KEY: 0001427813
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36061
FILM NUMBER: 20774417
MAIL ADDRESS:
STREET 1: C/O KENEXA CORPORATION
STREET 2: 650 E. SWEDESFORD RD., 2ND FLOOR
CITY: WAYNE
STATE: PA
ZIP: 19087
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-04-01
0
0001576169
Benefitfocus,Inc.
BNFT
0001427813
Restivo James P
100 BENEFITFOCUS WAY
CHARLESTON
SC
29492
0
1
0
0
Chief Technology Officer
Common Stock
2020-04-01
4
M
0
901
0.00
D
82506
D
Common Stock
2020-04-01
4
S
0
6894
8.15
D
75612
D
Performance Restricted Stock Units
2020-04-01
4
M
0
901
0.00
D
2020-04-01
Common Stock
901
2101
D
Performance Restricted Stock Units
2020-04-01
4
D
0
2101
0.00
D
2020-04-01
Common Stock
2101
0
D
Performance Restricted Stock Units
2020-04-01
4
D
0
16014
0.00
D
2023-04-01
Common Stock
16014
0
D
Shares earned upon the vesting of a percentage of the performance restricted stock units ("PRSUs") granted to the Reporting Person on April 1, 2019. Each PRSU represented a contingent right to receive one share of Issuer common stock upon the Issuer's achievement of an annual revenue goal and an adjusted EBITDA goal, during the period of January 1, 2019 through December 31, 2019.
This sale was executed in multiple trades at prices ranging from $7.99 to $8.63. 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 transaction were effected.
Represents the portion of PRSUs that were forfeited to the Issuer after determining the percentage of PRSUs that vested.
/s/ S. Halle Vakani, Attorney-in-Fact
2020-04-03