4//SEC Filing
SCHRIER DEREK C 4
Accession 0000921895-22-001004
CIK 0001576169other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 5:32 PM ET
Size
14.3 KB
Accession
0000921895-22-001004
Insider Transaction Report
Form 4
Indaba Capital Management, LLC
10% Owner
Transactions
- Purchase
Common Stock
2022-03-24$12.37/sh+22,047$272,774→ 3,843,694 total(indirect: See Footnotes) - Purchase
Common Stock
2022-03-28$12.72/sh+100,000$1,271,660→ 3,963,694 total(indirect: See Footnotes) - Purchase
Common Stock
2022-03-25$12.45/sh+20,000$248,966→ 3,863,694 total(indirect: See Footnotes)
IC GP, LLC
10% Owner
Transactions
- Purchase
Common Stock
2022-03-24$12.37/sh+22,047$272,774→ 3,843,694 total(indirect: See Footnotes) - Purchase
Common Stock
2022-03-28$12.72/sh+100,000$1,271,660→ 3,963,694 total(indirect: See Footnotes) - Purchase
Common Stock
2022-03-25$12.45/sh+20,000$248,966→ 3,863,694 total(indirect: See Footnotes)
SCHRIER DEREK C
10% Owner
Transactions
- Purchase
Common Stock
2022-03-24$12.37/sh+22,047$272,774→ 3,843,694 total(indirect: See Footnotes) - Purchase
Common Stock
2022-03-25$12.45/sh+20,000$248,966→ 3,863,694 total(indirect: See Footnotes) - Purchase
Common Stock
2022-03-28$12.72/sh+100,000$1,271,660→ 3,963,694 total(indirect: See Footnotes)
Footnotes (5)
- [F1]This Form 4 is filed jointly by Indaba Capital Management, L.P. (the "Investment Manager"), IC GP, LLC ("IC GP"), and Derek C. Schrier (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- [F2]Securities held directly by Indaba Capital Fund, L.P. (the "Fund"). Pursuant to an Investment Management Agreement, the Fund and its general partner have delegated all voting and investment power over the securities directly held by the Fund to the Investment Manager. As a result, each of the Investment Manager, IC GP, as the general partner of Investment Manager, and Mr. Schrier, as Managing Member of IC GP, may be deemed to exercise voting and investment power over such securities. The Fund specifically disclaims beneficial ownership of such securities by virtue of its inability to vote or dispose of such securities as a result of such delegation to the Investment Manager.
- [F3]Shares of common stock of Benefitfocus, Inc. (the "Issuer") acquired for the account of the Fund. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.245 to $12.50, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (3), (4), and (5) to this Form 4.
- [F4]Shares of common stock of the Issuer acquired for the account of the Fund. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.34 to $12.67, inclusive.
- [F5]Shares of common stock of the Issuer acquired for the account of the Fund. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.37 to $12.75, inclusive.
Documents
Issuer
Benefitfocus, Inc.
CIK 0001576169
Entity typeother
Related Parties
1- filerCIK 0001250078
Filing Metadata
- Form type
- 4
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 5:32 PM ET
- Size
- 14.3 KB