0001209191-16-137055.txt : 20160815 0001209191-16-137055.hdr.sgml : 20160815 20160815180224 ACCESSION NUMBER: 0001209191-16-137055 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160811 FILED AS OF DATE: 20160815 DATE AS OF CHANGE: 20160815 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: Holland Mason R Jr CENTRAL INDEX KEY: 0001586540 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36061 FILM NUMBER: 161834238 MAIL ADDRESS: STREET 1: C/O BENEFITFOCUS, INC. STREET 2: 100 BENEFITFOCUS WAY CITY: CHARLESTON STATE: SC ZIP: 29492 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-08-11 0 0001576169 Benefitfocus,Inc. BNFT 0001586540 Holland Mason R Jr 100 BENEFITFOCUS WAY CHARLESTON SC 29492 1 1 0 0 Executive Chairman of the Bd. Common Stock 2016-08-11 4 S 0 95915 42.07 D 2441411 I By Holland Family Trust Common Stock 2016-08-15 4 S 0 50000 42.40 D 2391411 I By Holland Family Trust Common Stock 22537 D Common Stock 5 I As custodian for minor son Performance Restricted Stock Units 2016-12-31 Common Stock 4693 4693 D Stock Option (Right to Buy) 7.09 2017-02-20 Common Stock 257688 257688 D This transaction was executed in multiple trades at prices ranging from $42.00 to $42.37. 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. These shares are held in a living trust for the benefit of the reporting person and his spouse. The reporting person shares voting and investment control over these shares. This transaction was executed in multiple trades at prices ranging from $42.08 to $42.92. 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. Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Issuer common stock. A percentage of PRSUs will vest upon the achievement of annual revenue goals and non-GAAP net income (loss) goals during the period of January 1, 2016 through December 31, 2016. Vesting of the PRSUs will accelerate upon death or disability in an amount equal to the proportion of days in the performance period worked. Vesting of PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the performance period. This option is fully vested. /s/ Donald R. Reynolds, Attorney-in-Fact 2016-08-15