SEC Form 4 · accession 0001104659-17-036655

ENVESTNET, INC. · ENV

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Charles Roame

Director

Period of report

May 29, 2017

Accepted (ET)

May 31, 2017 · 6:46 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	May 29, 2017	M	53	$0.00	A	1,676	D
Common Stock^F1	holding	—	—		—	9,209	I	See Footnote
Common Stock^F7	holding	—	—		—	3,146	I	By Tiburon Strategic Advisors, LLC

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F4,F3,F5	—	May 29, 2017	M	53	D	—	Feb 28, 2019	Common Stock	53	375	D
Director Stock Option (Right to Buy)^F1,F2	$12.45	holding	—	—	—	Feb 28, 2013	Feb 28, 2022	Common Stock	2,334	2,334	I
Director Stock Option (Right to Buy)^F1,F2	$15.34	holding	—	—	—	Feb 28, 2014	Feb 28, 2023	Common Stock	8,116	8,116	I
Director Stock Option (Right to Buy)^F1,F2	$41.84	holding	—	—	—	Feb 28, 2015	Feb 28, 2024	Common Stock	3,506	3,506	I
Director Stock Option (Right to Buy)^F1,F2	$55.29	holding	—	—	—	Feb 28, 2016	Feb 28, 2025	Common Stock	2,913	2,913	I
Director Stock Option (Right to Buy)^F1,F2	$20.51	holding	—	—	—	Feb 28, 2017	Feb 28, 2026	Common Stock	5,655	5,655	I
Director Stock Option (Right to Buy)^F1,F9,F4	$31.70	holding	—	—	—	Mar 28, 2018	Mar 28, 2027	Common Stock	2,416	2,416	I
Restricted Stock Units^F3,F6,F4	—	holding	—	—	—	—	Feb 28, 2018	Common Stock	1,463	1,463	D
Restricted Stock Units^F3,F5,F4	—	holding	—	—	—	—	Mar 28, 2020	Common Stock	2,208	2,208	D

Explanation of responses

F1Represents shares held by a trust in which Mr. Roame is the trustee.
F2Original 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.
F3Each restricted stock award is the economic equivalent of one share of Envestnet, Inc. Common Stock.
F4Each restricted stock award represents the contingent right to receive one share of common stock upon vesting of the unit.
F5This restricted stock award vests over a 3 year period, 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.
F6This restricted stock award 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.
F7Mr. Roame is Managing Partner of Tiburon Strategic Advisors, LLC ("Tiburon"). As Managing Partner of Tiburon, Mr. Roame may be deemed to have voting and investment power over the shares owned by Tiburon. Mr. Roame disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
F8Represents the issuance of Envestnet, Inc. common stock upon the vesting of restricted stock units effective May 29, 2017. The reporting person was granted 641 stock units on February 29, 2016 of which one-third of the total amount vested on February 28, 2017 (the first anniversary of the date of grant) 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.
F9This option grant vests over a 3-year period, one-third of the total amount vests on the first applicable date of grant and one-twelfth of the total amount vests on each three-month anniversary of the date of grant thereafter.