SEC Form 4 · accession 0001104659-17-015575
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anil Arora
Director
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 7:39 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 | Mar 7, 2017 | M | 8,333 | $0.00 | A | 76,752 | D | |
| Common StockF8 | Mar 7, 2017 | F | 3,132 | $0.00 | D | 73,620 | 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 UnitF5,F2,F3,F4 | — | Mar 7, 2017 | M | 8,333 | D | — | — | Common Stock | 8,333 | 58,335 | D |
| Employee Stock Option (Right to Buy)F6 | $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.
- F2Each restricted stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock.
- F3The reporting person was granted 100,000 restricted stock units on December 7, 2015 of which 1/3 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 thereafter.
- F4Each share of restricted stock represents one share of Envestnet, Inc. Common Stock that remains subject to restrictions until the award becomes vested for all purposes.
- F5Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- F620,000 options were granted to the Reporting Person on December 7, 2015. One-third of the total amount vests on the first anniversary of the applicable date of grant and one-twelfth on each three-month anniversary thereafter.
- F7Represents the restricted shares of Envestnet, Inc. common stock that became vested for tax purposes effective March 7, 2017, but remain subject to contractual restrictions (the "March Vested Restricted Shares."). The reporting person was granted 100,000 restricted stock units on December 7, 2015 of which one-twelfth of the total amount vested on March 7, 2017. Such restricted stock units were previously reported in table II on a Form 4 filed with The Securities and Exchange Commission on December 9, 2015.
- F8The reporting person is reporting the withholding by Envestnet, Inc. of 3,132 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting for tax purposes of the March Vested Restricted Shares to the Reporting Person on March 7, 2017.