4//SEC Filing
Fini Annmarie 4
Accession 0001209191-20-030578
CIK 0001576169other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:12 PM ET
Size
14.3 KB
Accession
0001209191-20-030578
Insider Transaction Report
Form 4
Fini Annmarie
Exec. VP Customer Success Org.
Transactions
- Exercise/Conversion
Common Stock
2020-05-15$5.38/sh+5,000$26,900→ 79,848 total - Exercise/Conversion
Stock Option (Right to Buy)
2020-05-15−5,000→ 0 totalExercise: $5.38Exp: 2020-07-01→ Common Stock (5,000 underlying)
Holdings
- 2,000
Stock Option (Right to Buy)
Exercise: $13.53Exp: 2023-05-08→ Common Stock (2,000 underlying) - 8,713
Performance Restricted Stock Units
Exp: 2021-05-01→ Common Stock (8,713 underlying) - 7,000
Stock Option (Right to Buy)
Exercise: $10.30Exp: 2022-10-01→ Common Stock (7,000 underlying) - 39,211
Performance Restricted Stock Units
Exp: 2023-05-01→ Common Stock (39,211 underlying)
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Issuer common stock. The maximum number of PRSUs is presented in the table. A percentage of the PRSUs will vest upon the achievement of an annual revenue goal and an adjusted EBITDA goal, during the period of January 1, 2020 through December 31, 2020. Vesting of the target level PRSUs will accelerate upon death or disability during the performance period in an amount equal to the proportion of days in the performance period worked. Vesting of the target PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the performance period.
- [F5]Each PRSU represents a contingent right to receive one share of Issuer common stock. The maximum number of PRSUs is presented in the table. The PRSUs will vest upon the achievement of software service revenue and adjusted EBITDA goals during the period of January 1, 2020 through December 31, 2020, such vesting to occur in three equal annual installments beginning on May 1, 2021, if the performance metrics are met. Vesting of the target level PRSUs will accelerate upon death or disability during the performance period in an amount equal to the proportion of days in the performance period worked. Vesting will also accelerate as to the next tranche of vesting units in the event of death or disability after the performance period. Vesting of the 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 typeother
Related Parties
1- filerCIK 0001799183
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:12 PM ET
- Size
- 14.3 KB