X0306 4 2016-02-11 false 0001158863 WAGEWORKS, INC. WAGE 0001527012 Montes Edgar O. 1100 PARK PLACE, 4TH FLOOR SAN MATEO CA 94403 false true false false Chief Operating Officer Common Stock 2016-02-11 4 M false 37500 0 A 39409 D Common Stock 2016-02-11 4 F false 16301 43.63 D 23108 D Common Stock 2016-02-12 5 J false 83 36.05 A 23191 D Employee Stock Option (Right to Buy) 43.63 2016-02-11 4 A false 75000 0 A 2026-02-11 Common Stock 75000 75000 D Performance Rights 2016-02-11 4 A false 50000 0 A Common Stock 50000 50000 D Performance Rights 2016-02-11 4 M false 37500 0 D Common Stock 37500 0 D 25% of the Option Shares vest on the first anniversary of the grant date, and an additional 1/48th of the total Option Shares vest on each of the 36 succeeding monthly anniversaries of the grant date. Each restricted stock unit represents a contingent right to receive one share of WageWorks Inc. common stock. The restricted stock units (RSU) vest in the first quarter of the 2019 calendar year should the Company achieve certain milestones as outlined in the RSU agreement between the Company and the reporting person. Vested Shares will be delivered to the reporting person on such vesting date. Includes an aggregate of 390 shares that have been acquired under the Wageworks employee stock purchase plan between May 14, 2015 and November 13, 2015. On March 8, 2013, the Reporting Person filed a Form 4 listing the acquisition of 25,000 RSUs, which was a target number of shares based on a performance metric to be measured in the first quarter of 2016. On February 11, 2016, the Board of Directors of the Company determined that the Reporting Person had exceeded the performance metric by 150%. Hence, 37,500 RSUs were deemed vested as of that date. Includes 83 shares that have been acquired under the Wageworks employee stock purchase plan on February 12, 2016. /s/ Kimberly L. Wilford, attorney-in-fact 2016-02-16