Benefitfocus,Inc. 4
4 · Benefitfocus,Inc. · Filed Sep 24, 2013
Insider Transaction Report
Form 4
LAMONT ANN H
Director10% Owner
Transactions
- Conversion
Common Stock
2013-09-23+2,441,009→ 2,441,009 total(indirect: See Footnotes) - Conversion
Series B Preferred Stock
2013-09-23−2,441,009→ 0 total(indirect: See Footnoes)→ Common Stock (2,441,009 underlying)
Footnotes (2)
- [F1]The shares of Series B Preferred Stock automatically converted into shares of the Issuer's Common Stock on a one-for-one basis upon the closing of the Issuer's initial public offering.
- [F2]The shares are directly held by Oak Investment Partners XII, Limited Partnership. Ms. Lamont is a Managing Member of Oak Associates XII, LLC, the General Partner of Oak Investment Partners XII, Limited Partnership. Ms. Lamont has the shared power to vote and dispose of the shares held by Oak Investment Partners XII, Limited Partnership. Ms. Lamont disclaims beneficial ownership of these shares (except to the extent of her pecuniary interest therein), and the inclusion of these shares in this report shall not be deemed an admission by the Reporting Person of beneficial ownership of all of the reported shares for the purposes of Section 16 or for any other purpose.