4//SEC Filing
Fini Annmarie 4
Accession 0001209191-20-023255
CIK 0001576169other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:03 PM ET
Size
18.3 KB
Accession
0001209191-20-023255
Insider Transaction Report
Form 4
Fini Annmarie
Exec. VP Customer Success Org.
Transactions
- Exercise/Conversion
Performance Restricted Stock Units
2020-04-01−319→ 744 totalExp: 2020-04-01→ Common Stock (319 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2020-04-01−744→ 0 totalExp: 2020-04-01→ Common Stock (744 underlying) - Exercise/Conversion
Common Stock
2020-04-01+319→ 51,952 total - Sale
Common Stock
2020-04-01$8.15/sh−3,245$26,447→ 48,707 total - Disposition to Issuer
Performance Restricted Stock Units
2020-04-01−9,572→ 0 totalExp: 2023-04-01→ Common Stock (9,572 underlying)
Holdings
- 5,000
Stock Option (Right to Buy)
Exercise: $5.38Exp: 2020-07-01→ Common Stock (5,000 underlying) - 7,000
Stock Option (Right to Buy)
Exercise: $10.30Exp: 2022-10-01→ Common Stock (7,000 underlying) - 2,000
Stock Option (Right to Buy)
Exercise: $13.53Exp: 2023-05-08→ Common Stock (2,000 underlying)
Footnotes (6)
- [F1]Shares earned upon the vesting of a percentage of the performance restricted stock units ("PRSUs") granted to the Reporting Person on April 1, 2019. Each PRSU represented a contingent right to receive one share of Issuer common stock upon the Issuer's achievement of an annual revenue goal and an adjusted EBITDA goal, during the period of January 1, 2019 through December 31, 2019.
- [F2]This transaction was executed in multiple trades at prices ranging from $7.99 to $8.63. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction were effected.
- [F3]Represents the portion of PRSUs that were forfeited to the Issuer after determining the percentage of PRSUs that vested.
- [F4]This option was granted on July 1, 2010 and vested over a four-year period with one-fourth (1/4) of the option granted vesting on July 1, 2011, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months.
- [F5]This option was granted on October 1, 2012 and vested over a four-year period with one-fourth (1/4) of the option granted vesting on October 1, 2013, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months.
- [F6]This option was granted on May 8, 2013 and vested over a four-year period with one-fourth (1/4) of the option granted vesting on May 8, 2014, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months.
Documents
Issuer
Benefitfocus,Inc.
CIK 0001576169
Entity typeother
Related Parties
1- filerCIK 0001799183
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:03 PM ET
- Size
- 18.3 KB