4//SEC Filing
Jenkins Shawn A 4
Accession 0001209191-18-022576
CIK 0001576169other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 6:30 PM ET
Size
19.7 KB
Accession
0001209191-18-022576
Insider Transaction Report
Form 4
Jenkins Shawn A
DirectorPresident & CEO10% Owner
Transactions
- Award
Common Stock
2018-04-01+2,002→ 2,813,893 total - Disposition to Issuer
Performance Restricted Stock Units
2018-03-29−7,785→ 0 totalExp: 2018-04-01→ Common Stock (7,785 underlying) - Exercise/Conversion
Performance Restricted Stock Units
2018-03-29−24,000→ 16,000 totalExp: 2017-12-31→ Common Stock (24,000 underlying) - Exercise/Conversion
Performance Restricted Stock Units
2018-03-29−3,336→ 7,785 totalExp: 2018-04-01→ Common Stock (3,336 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2018-03-29−50,043→ 0 totalExp: 2021-04-01→ Common Stock (50,043 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2018-03-29−16,000→ 0 totalExp: 2017-12-31→ Common Stock (16,000 underlying) - Exercise/Conversion
Common Stock
2018-03-29+24,000→ 2,808,555 total - Exercise/Conversion
Common Stock
2018-03-29+3,336→ 2,811,891 total
Footnotes (4)
- [F1]Shares earned upon the vesting of a percentage of the performance restricted stock units ("PRSUs") granted to the Reporting Person on January 11, 2016. Each PRSU represented a contingent right to receive one share of Issuer common stock upon the Issuer's achievement of adjusted EBITA and compounded annual revenue growth rate goals during the period of January 1, 2015 through December 31, 2017.
- [F2]Shares earned upon the vesting of a percentage of the PRSUs granted to the Reporting Person on March 31, 2017. Each PRSU represented a contingent right to receive one share of Issuer common stock upon the Issuer's achievement of annual revenue goals and free cash flow goals, all subject to a minimum adjusted EBITDA level, during the period of January 1, 2017 through December 31, 2017.
- [F3]Represents an award of Issuer common stock granted pursuant to the Reporting Person's employment agreement with the Issuer effective January 1, 2018.
- [F4]Represents the portion of PRSUs that were forfeited to the Issuer after determining the percentage of PRSUs that vested.
Documents
Issuer
Benefitfocus,Inc.
CIK 0001576169
Entity typeother
Related Parties
1- filerCIK 0001586546
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 6:30 PM ET
- Size
- 19.7 KB