SEC Form 4 · accession 0001104659-17-013617
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joshua Mayer
Officer — Chief Operating Officer
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 7:49 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 28, 2017 | M | 1,334 | $0.00 | A | 8,630 | D | |
| Common Stock | Feb 28, 2017 | F | 407 | $0.00 | D | 8,223 | D | |
| Common Stock | Feb 28, 2017 | M | 1,333 | $0.00 | A | 9,556 | D | |
| Common Stock | Feb 28, 2017 | F | 407 | $0.00 | D | 9 | D | |
| Common Stock | Feb 28, 2017 | M | 1,078 | $0.00 | A | 10,227 | D | |
| Common Stock | Feb 28, 2017 | F | 329 | $0.00 | D | 9,898 | D | |
| Common Stock | holding | — | — | — | 42 | I | By Wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF5,F4,F6 | — | Feb 28, 2017 | M | 1,334 | D | — | Feb 28, 2016 | Common Stock | 1,334 | 0 | D |
| Restricted Stock UnitF5,F4,F7 | — | Feb 28, 2017 | M | 1,333 | D | — | Feb 28, 2017 | Common Stock | 1,333 | 1,334 | D |
| Restricted Stock UnitF5,F4,F8 | — | Feb 28, 2017 | M | 1,078 | D | — | Feb 28, 2019 | Common Stock | 1,078 | 2,156 | D |
| Employee Stock Option (Right to Buy)F1 | $7.15 | holding | — | — | — | May 15, 2010 | May 15, 2019 | Common Stock | 800 | 800 | D |
| Employee Stock Option (Right to Buy)F2 | $9.00 | holding | — | — | — | Jul 28, 2011 | Feb 28, 2020 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock Option (Right to Buy)F1 | $12.55 | holding | — | — | — | Feb 28, 2012 | Feb 28, 2021 | Common Stock | 10,000 | 10,000 | D |
| Employee Stock Option (Right to Buy)F1 | $12.45 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 4,418 | 4,418 | D |
| Employee Stock Option (Right to Buy)F1 | $15.34 | holding | — | — | — | Feb 28, 2014 | Feb 28, 2023 | Common Stock | 8,000 | 8,000 | D |
| Employee Stock Option (Right to Buy)F1 | $41.84 | holding | — | — | — | Feb 28, 2015 | Feb 28, 2024 | Common Stock | 6,200 | 6,200 | D |
| Employee Stock Option (Right to Buy)F1 | $53.88 | holding | — | — | — | Feb 28, 2016 | Feb 28, 2025 | Common Stock | 6,000 | 6,000 | D |
| Employee Stock Option (Right to Buy)F3 | $20.51 | holding | — | — | — | Feb 28, 2017 | Feb 28, 2026 | Common Stock | 3,234 | 3,234 | D |
| Restricted Stock UnitF4,F9,F5 | — | holding | — | — | — | — | Aug 2, 2019 | Common Strock | 45,000 | 35,000 | D |
Explanation of responses
- F1Original option grant vests in three installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
- F10Represents the conversion upon vesting of restricted stock units into common stock (the "Converted Common Stock "). The reporting person was granted 4,000 restricted stock units on February 28, 2014 of which one-third of the total amount vests on the first anniversary of the date of the grant of restricted stock; and then the remaining unvested restricted stock units will continue to vest as to 1/3 of the original number of shares subject to the restricted stock unit grant on each succeeding February 28th until fully vested. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission on March 2, 2014.
- F11The reporting person is reporting the withholding by Envestnet, Inc. of 407 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the delivery of the Converted Common Stock to the reporting person on February 28, 2017.
- F12Represents the conversion upon vesting of restricted stock awards into common stock (the "Converted Common Stock "). The reporting person was granted 4,000 restricted stock units on February 28, 2015 of which one-third of the total amount vests on the first anniversary of the date of the grant of restricted stock; and then the remaining unvested restricted stock units will continue to vest as to 1/3 of the original number of shares subject to the restricted stock unit grant on each succeeding February 28th until fully vested. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission on March 2, 2015.
- F13The reporting person is reporting the withholding by Envestnet, Inc. of 407 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the delivery of the Converted Common Stock to the reporting person on February 28, 2017.
- F14Represents the conversion upon vesting of restricted stock awards into common stock (the "Converted Common Stock "). The reporting person was granted 3,234 restricted stock units on February 29, 2016 of which one-third of the total amount vests 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. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission on March 2, 2016.
- F15The reporting person is reporting the withholding by Envestnet, Inc. of 329 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the delivery of the Converted Common Stock to the reporting person on February 28, 2017.
- F2Original option grant vests in four installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
- F3This option grant vests over a 3 year period, one-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.
- F4Each restricted stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock
- F5Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- F6The reporting person was granted 4,000 restricted stock units on February 28, 2014. The remaining unvested restricted stock units will continue to vest as to 1/3 of the original number of shares subject to the restricted stock awards on each succeeding February 28th until fully vested.
- F7The reporting person was granted 4,000 restricted stock units on February 28, 2015. The remaining unvested restricted stock units will continue to vest as to 1/3 of the original number of shares subject to the restricted stock awards on each succeeding February 28th until fully vested.
- F8The reporting person was granted 3,234 restricted stock units on February 29, 2016. These restricted stock units vest over a 3 year period, with 1/3 of the shares vesting on the first anniversary of the date of grant and one-twelfth of the total amount vesting on each three-month anniversary of the date of grant.
- F9The reporting person was granted 35,000 restricted stock units on August 2, 2016. These restricted stock units vest over a 3 year period, with one-twelfth of the total amount vesting on each three-month anniversary of the date of grant.