SEC Form 4 · accession 0001104659-17-036663
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
May 29, 2017
Accepted (ET)
May 31, 2017 · 6:48 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 | 269 | $0.00 | A | 12,773 | D | |
| Common Stock | May 29, 2017 | F | 83 | $0.00 | D | 12,690 | 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 UnitsF5,F4,F7 | — | May 29, 2017 | M | 269 | D | — | Feb 28, 2019 | Common Stock | 269 | 1,887 | 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 |
| Employee Stock Option (Right to Buy)F3 | $31.70 | holding | — | — | — | Mar 28, 2018 | Mar 28, 2027 | Common Stock | 2,233 | 2,233 | D |
| Restricted Stock UnitsF4,F6,F5 | — | holding | — | — | — | — | Feb 28, 2017 | Common Stock | 1,334 | 1,334 | D |
| Restricted Stock UnitsF4,F8,F5 | — | holding | — | — | — | — | Aug 2, 2019 | Common Stock | 33,750 | 33,750 | D |
| Restricted Stock UnitsF4,F7,F5 | — | holding | — | — | — | — | Mar 28, 2020 | Common Stock | 6,700 | 6,700 | 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.
- F10The reporting person is reporting the withholding by Envestnet, Inc. of 83 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting for tax purposes of the May Vested Restricted Stock Units to the reporting person on May 29, 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, 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.
- F7These 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.
- F8These 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.
- F9Represents the issuance of Envestnet, Inc. common stock upon the vesting of restricted stock units effective May 29, 2017 (the "May Vested Restricted Stock Units"). The reporting person was granted 3,234 restricted stock units on February 29, 2016 of which one-twelfth of the total amount vested on May 29, 2017. 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.