SEC Form 4 · accession 0001104659-17-038405
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anil Arora
Officer — Envestnet | Yodlee * · Director
Period of report
Jun 7, 2017
Accepted (ET)
Jun 9, 2017 · 4:02 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 StockF5,F10 | Jun 7, 2017 | M | 8,333 | — | A | 80,853 | D | |
| Common Stock | Jun 7, 2017 | F | 3,264 | $36.25 | D | 77,589 | D | |
| Common StockF1 | holding | — | — | — | 136 | I | By Trust for child | |
| Common StockF1 | holding | — | — | — | 136 | I | By Trust for child |
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 | — | Jun 7, 2017 | M | 8,333 | D | — | Dec 7, 2018 | Common Stock | 8,333 | 50,002 | D |
| Restricted Stock UnitF2,F6,F5 | — | holding | — | — | — | — | Mar 28, 2020 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock Option (Right to Buy)F7 | $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.
- F10The total reflects the sale of 1,100 shares of Common Stock on March 3, 2017 reported on a Form 4 filed with the Securities and Exchange Commission on March 3, 2017.
- 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.
- F4The shares of Common Stock issuable with respect to the restricted stock units remain subject to restriction 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.
- F6This 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 units and one-twelfth of the total amount vests on each three-month anniversary.
- F720,000 options were granted to the reporting person on December 7, 2015. One-Twelfth of the total amount vests on each three-month anniversary of the date of grant.
- F8Represents the issuance of Envestnet, Inc. common stock upon the vesting of restricted stock units effective June 7, 2017, but remain subject to contractual restrictions (the "June Vested Restricted Stock Units"). The reporting person was granted 100,000 restricted stock units on December 7, 2015 of which one-twelfth of the total amount vested on June 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.
- F9The reporting person is reporting the withholding by Envestnet, Inc. of 3,264 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting for tax purposes of the June Vested Restricted Stock Units to the reporting person on June 7, 2017.
Remarks
*Chief Executive of Envestnet / Yodlee