4//SEC Filing
Benefitfocus,Inc. 4
Accession 0001209191-16-153399
CIK 0001576169operating
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 5:05 PM ET
Size
10.4 KB
Accession
0001209191-16-153399
Insider Transaction Report
Form 4
Jenkins Shawn A
DirectorPresident & CEO10% Owner
Transactions
- Exercise/Conversion
Common Stock
2016-12-02$7.09/sh+350,000$2,481,500→ 2,853,486 total - Exercise/Conversion
Stock Option (Right to Buy)
2016-12-02−350,000→ 0 totalExercise: $7.09Exp: 2017-02-20→ Common Stock (350,000 underlying)
Holdings
- 9,385
Performance Restricted Stock Units
Exp: 2016-12-31→ Common Stock (9,385 underlying) - 40,000
Performance Restricted Stock Units
Exp: 2017-12-31→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]This option is fully vested.
- [F2]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.
- [F3]Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Issuer common stock. PRSUs vest upon the achievement of adjusted EBITDA and compounded annual revenue growth rate goals during the period of January 1, 2015 through December 31, 2017. Vesting of the target level PRSUs will accelerate upon death or disability in an amount equal to the proportion of days in the performance period worked. Vesting of target PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the performance period.
Documents
Issuer
Benefitfocus,Inc.
CIK 0001576169
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001576169
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 5:05 PM ET
- Size
- 10.4 KB