4//SEC Filing
Benefitfocus,Inc. 4
Accession 0001209191-17-016017
CIK 0001576169operating
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 5:26 PM ET
Size
11.3 KB
Accession
0001209191-17-016017
Insider Transaction Report
Form 4
Jenkins Shawn A
DirectorPresident & CEO10% Owner
Transactions
- Exercise/Conversion
Performance Restricted Stock Units
2017-02-27−8,835→ 550 totalExp: 2016-12-31→ Common Stock (8,835 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2017-02-27−550→ 0 totalExp: 2016-12-31→ Common Stock (550 underlying) - Exercise/Conversion
Common Stock
2017-02-27+8,835→ 2,712,321 total
Holdings
- 40,000
Performance Restricted Stock Units
Exp: 2017-12-31→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]Shares earned upon the vesting of a percentage of the performance restricted stock units granted to the Reporting Person on March 30, 2016 ("PRSUs"). Each PRSU represented a contingent right to receive one share of Issuer common stock upon the Issuer's achievement of annual revenue goals and non-GAAP net income (loss) goals during the period of January 1, 2016 through December 31, 2016.
- [F2]Represents the portion of PRSUs that were forfeited to the Issuer after determining the percentage of PRSUs that vested.
- [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
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 5:26 PM ET
- Size
- 11.3 KB