Swad Stephen M 4
4 · Benefitfocus, Inc. · Filed Jan 25, 2023
Insider Transaction Report
Form 4
Swad Stephen M
Director
Transactions
- Disposition to Issuer
Common Stock
2023-01-24−281,783→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2023-01-24−105,781→ 0 total
Footnotes (2)
- [F1]On January 24, 2023, pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated November 1, 2022, by and among the Issuer, Voya Financial, Inc. ("Voya") and Origami Squirrel Acquisition Corp. (the "Merger Sub"), as amended, the Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly-owned subsidiary of Voya. Pursuant to the Merger Agreement, at the effective time of the Merger each share of the Issuer's common stock was exchanged for the Per Share Common Stock Merger Consideration of $10.50, without interest.
- [F2]The reporting person and his wife are trustees and beneficiaries of the Stephen M. Swad Revocable Living Trust. The reporting person shares voting and investment control over these shares.