SEC Form 4 · accession 0001104659-16-115482
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gayle A Crowell
Director
Period of report
Apr 26, 2016
Accepted (ET)
Apr 28, 2016 · 8:43 pm EDT
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 | Apr 26, 2016 | M | 801 | $0.00 | A | 12,245 | D | |
| Common StockF6 | holding | — | — | — | 1,983 | I | By trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Apr 26, 2016 | A | 3,204 | A | — | Apr 26, 2019 | Common Stock | 3,204 | 3,204 | D |
| Restricted Stock UnitF5,F2,F4 | — | Apr 26, 2016 | M | 801 | D | — | Apr 26, 2019 | Common Stock | 801 | 2,403 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted stock unit into common stock. The reporting person was granted 3,204 restricted stock units on April 26, 2016, of which 25% (801 shares) subject to the restricted stock units of the grant vested on April 26, 2016.
- F2Each restricted stock unit is the economic equivalent of one share of Envestment, Inc. Common Stock.
- F3This restricted stock unit vests over a 3 year period, 25% of the total amount vests on the date of the grant of restricted stock; and then 25% on each of first three anniversaries of the Grant Date (April 26, 2016).
- F4The reporting person was granted 3,204 restricted stock units on April 26, 2016, of which 25% (801 shares) subject to the restricted stock units of the grants vested on April 26, 2016. The common stock into which such vested restricted stock units converted on April 26, 2016 is reported in Table I on this Form 4. The remaining unvested restricted stock units will continue to vest as to 25% on each of first three anniversaries of the Grant Date (April 26, 2016).
- F5Each restricted stock award represents the contingent right to receive one share of common stock upon vesting of the unit.
- F6The shares are held directly by a trust of which the reporting person is a trustee and beneficial owner.