SEC Form 4 · accession 0001104659-16-101894
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia Egan
Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 5:29 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 | Feb 29, 2016 | M | 1,950 | $0.00 | A | 1,950 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to Buy)F2,F1 | $20.51 | Feb 29, 2016 | A | 5,745 | A | Feb 28, 2017 | Feb 28, 2026 | Common Stock | 5,745 | 5,745 | D |
| Restricted Stock UnitF3,F4 | — | Feb 29, 2016 | A | 727 | A | — | Feb 28, 2019 | Common Stock | 727 | 727 | D |
| Restricted Stock UnitF3,F5 | — | Feb 29, 2016 | A | 4,876 | A | — | Feb 28, 2018 | Common Stock | 4,876 | 4,876 | D |
| Restricted Stock UnitF8,F3,F7 | — | Feb 29, 2016 | M | 1,950 | D | — | Feb 28, 2019 | Common Stock | 1,950 | 2,925 | D |
| Director Stock Option (Right to Buy)F1 | $41.84 | holding | — | — | — | Feb 28, 2015 | Feb 28, 2024 | Common Stock | 1,712 | 1,712 | D |
| Director Stock Option (Right to Buy)F1 | $55.29 | holding | — | — | — | Feb 28, 2016 | Feb 28, 2025 | Common Stock | 2,606 | 2,606 | D |
Explanation of responses
- F1Original option grant vests monthly over a 4 year period, except that the shares that would otherwise vest over the first 12 months shall not vest until the first anniversary of the grant.as listed in the "Date Exercisable" column.
- F25,745 options were granted to the Reporting Person on February 29, 2016.
- F3Each restricted stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock.
- F4This restricted stock unit vests over a 3 year period, one third of the total amount vest on the first anniversary of the date of the grant of restricted stock; and then one-twelfth of the total amount vests on each three-month anniversary.
- F5This restricted stock unit vests over a 3 year period, 40% of the total amount vests on the date of the grant of restricted stock; and then 30% of the total amount vests on February 28, 2017 and the remaining 30% vests on February 28, 2018.
- F6Represents the conversion upon vesting of restricted stock unit into common stock. The reporting person was granted 4,876 restricted stock units on February 29, 2016, of which 40% (1,950 shares) subject to the restricted stock units of the grant vested on February 29, 2016.
- F7The reporting person was granted 4,876 restricted stock units on February 29, 2016, of which 40% (1,950 shares) subject to the restricted stock units of the grant vested on February 29, 2016. The common stock into which such vested restricted stock units converted on February 29, 2016 is reported in Table I on this Form 4. The remaining unvested restricted stock units will continue to vest as to 30% of the total amount on February 28, 2017 and the remaining 30% of the total amount will continue to vest on February 28, 2018.
- F8Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.