X0306 4 2016-02-11 false 0001158863 WAGEWORKS, INC. WAGE 0001527205 Jackson Joseph L. 1100 PARK PLACE, 4TH FLOOR SAN MATEO CA 94403 true true false false Chief Executive Officer Common Stock 2016-02-11 4 M false 90000 0 A 94547 D Common Stock 2016-02-11 4 F false 43642 43.63 D 50905 D Common Stock 2016-02-12 5 J false 242 36.05 A 51147 D Employee Stock Option (Right to Buy) 43.63 2016-02-11 4 A false 100000 0 A 2026-02-11 Common Stock 100000 100000 D Performance Rights 2016-02-11 4 A false 75000 0 A Common Stock 75000 75000 D Performance Rights 2016-02-11 4 M false 90000 0 D Common Stock 90000 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 253 shares that have been acquired under the Wageworks employee stock purchase plan on May 14, 2015. On March 8, 2013, the Reporting Person filed a Form 4 listing the acquisition of 60,000 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, 90,000 RSUs were deemed vested as of that date. Includes 242 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