4//SEC Filing
Restivo James P 4
Accession 0001209191-20-023260
CIK 0001576169other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:04 PM ET
Size
13.7 KB
Accession
0001209191-20-023260
Insider Transaction Report
Form 4
Restivo James P
Chief Technology Officer
Transactions
- Sale
Common Stock
2020-04-01$8.15/sh−6,894$56,186→ 75,612 total - Disposition to Issuer
Performance Restricted Stock Units
2020-04-01−16,014→ 0 totalExp: 2023-04-01→ Common Stock (16,014 underlying) - Exercise/Conversion
Common Stock
2020-04-01−901→ 82,506 total - Exercise/Conversion
Performance Restricted Stock Units
2020-04-01−901→ 2,101 totalExp: 2020-04-01→ Common Stock (901 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2020-04-01−2,101→ 0 totalExp: 2020-04-01→ Common Stock (2,101 underlying)
Footnotes (3)
- [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 sale 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.
Documents
Issuer
Benefitfocus,Inc.
CIK 0001576169
Entity typeother
Related Parties
1- filerCIK 0001427813
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:04 PM ET
- Size
- 13.7 KB