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