SEC Form 4 · accession 0001104659-16-093348
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anil Arora
Director
Period of report
Jan 31, 2016
Accepted (ET)
Feb 2, 2016 · 9:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001337619
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 31, 2016 | M | 388 | $0.00 | A | 36,475 | D | |
| Common StockF14 | Jan 31, 2016 | F | 164 | $0.00 | D | 36,311 | D | |
| Common Stock | Feb 1, 2016 | M | 399 | $0.00 | A | 36,710 | D | |
| Common StockF16 | Feb 1, 2016 | F | 148 | $0.00 | D | 36,562 | D | |
| Common StockF1 | holding | — | — | — | 136 | I | By Trust for child 1 | |
| Common StockF1 | holding | — | — | — | 136 | I | By Trust for child 1 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock AwardF2,F4,F12 | — | Feb 2, 2016 | M | 388 | A | — | — | Common Stock | 5,992 | 5,604 | D |
| Restricted Stock AwardF2,F5,F12 | — | Jan 31, 2016 | M | 399 | A | — | — | Common Stock | 10,481 | 10,082 | D |
| Restricted Stock AwardF2,F3,F12 | — | holding | — | — | — | — | — | Common Stock | 1,256 | 1,256 | D |
| Restricted Stock AwardF2,F6,F12 | — | holding | — | — | — | — | — | Common Stock | 19,315 | 19,315 | D |
| Restricted Stock AwardF2,F7,F12 | — | holding | — | — | — | — | — | Common Stock | 6,047 | 6,047 | D |
| Restricted Stock AwardF2,F8,F12 | — | holding | — | — | — | — | — | Common Stock | 12,154 | 12,154 | D |
| Restricted Stock AwardF2,F9,F12 | — | holding | — | — | — | — | — | Common Stock | 40,169 | 40,169 | D |
| Restricted Stock AwardF2,F10,F12 | — | holding | — | — | — | — | — | Common Stock | 100,000 | 100,000 | D |
| Employee Stock Option (Right to Buy)F11 | $32.46 | holding | — | — | — | — | Dec 7, 2025 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1These shares are held in trust for the benefit of a child of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F10One-third of the total amount vests on the first anniversary of the applicable date of grant and one-twelfth of the total amount vests on each three-month anniversary of the date of grant thereafter.
- F1120,000 options were granted to the Reporting Person on December 7, 2015. One-Twelfth of the total amount vests on each three-month anniversary of the date of grant.
- F12Each share of restricted stock represents one share of Envestnet, Inc. Common Stock that remains subject to restrictions until the award becomes vested.
- F13Represents the vesting of restricted Common Stock. The reporting person was granted 11,257 shares on November 19, 2015 which vest monthly in 29 equal installments until February 24, 2019.
- F14The reporting person is reporting the withholding by Envestnet, Inc. of 164 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the delivery of the Common Stock to the reporting person on January 31, 2016.
- F15Represents the vesting of restricted Common Stock. The reporting person was granted 6,791 shares on November 19, 2015 which vests monthly in 17 equal installments until April 1, 2017.
- F16The reporting person is reporting the withholding by Envestnet, Inc. of 148 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the delivery of the Common Stock to the reporting person on February1, 2016.
- F2Each share of restricted stock is one share of Envestnet, Inc. Common Stock that remains subject to restrictions until the award becomes vested.
- F3The reporting person was granted 1,833 shares of restricted stock on November 19, 2015, pursuant to the terms of the Agreement and Plan of Merger dated August 10, 2015 (the "Merger") by and among Issuer, Yale Merger Corp ("Merger Sub") and Yodlee, Inc. ("Yodlee"), Merger Sub merged with and into Yodlee. This restricted stock vests monthly in 6 equal installments until May 16, 2016. 313 shares of Common Stock vested on January 16, 2016, leaving 1,256 shares of restricted Common Stock subject to future monthly vesting.
- F4The reporting person was granted 6,791 shares of restricted stock on November 19, 2015, pursuant to the terms of the Merger Agreement and the Merger. This restricted stock vests monthly in 17 equal installments until April 1, 2017. 400 shares of Common Stock vested on January 1, 2016, leaving 5,992 shares of restricted Common Stock subject to future monthly vesting.
- F5The reporting person was granted 11,257 shares of restricted stock on November 19, 2015, pursuant to the terms of the Merger Agreement and the Merger. This restricted stock vests monthly in 29 equal installments until March 31, 2018. 389 shares of Common Stock vested on December 31, 2015, leaving 10,481 shares of restricted Common Stock subject to future monthly vesting.
- F6The reporting person was granted 20,873 shares of restricted stock on November 19, 2015, pursuant to the terms of the Merger Agreement and the Merger. This restricted stock vests monthly in 40 equal installments until February 24, 2019. 520 shares of Common Stock vested on January 24, 2016 leaving 19,315 shares of restricted Common Stock subject to future monthly vesting.
- F7The reporting person was granted 7,772 shares of restricted stock on November 19, 2015, pursuant to the terms of the Merger Agreement and the Merger. This restricted stock award vests quarterly in 5 equal installments until January 1, 2017. 1,725 shares of Common Stock vested on January 8, 2016 leaving 6,047 shares of restricted Common Stock subject to future quarterly vesting.
- F8The reporting person was granted 12,154 shares of restricted stock on November 19, 2015, pursuant to the terms of the Merger Agreement and the Merger. This restricted stock award vests annually in 3 equal installments until May 15, 2018.
- F9The reporting person was granted 40,169 shares of restricted stock on November 19, 2015, pursuant to the terms of the Merger Agreement and the Merger. This restricted stock award vests annually in 3 equal installments until February 24, 2018.