SEC Form 4 · accession 0001104659-17-054965
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory A Smith
Director
Period of report
Aug 29, 2017
Accepted (ET)
Aug 31, 2017 · 5:06 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 StockF6 | Aug 29, 2017 | M | 55 | — | A | 5,744 | D |
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,F2,F3 | — | Aug 29, 2017 | M | 55 | D | — | Feb 28, 2019 | Common Stock | 55 | 332 | D |
| Director Stock Option (Right to Buy)F1 | $20.51 | holding | — | — | — | Feb 28, 2017 | Feb 28, 2026 | Common Stock | 5,210 | 5,210 | D |
| Director Stock Option (Right to Buy)F7 | $31.70 | holding | — | — | — | Mar 28, 2018 | Mar 28, 2027 | Common Stock | 2,828 | 2,828 | D |
| Restricted Stock UnitsF2,F4,F5 | — | holding | — | — | — | — | Feb 28, 2018 | Common Stock | 1,463 | 1,463 | D |
| Restricted Stock UnitsF2,F3,F5 | — | holding | — | — | — | — | Mar 28, 2020 | Common Stock | 2,585 | 2,585 | D |
Explanation of responses
- F1This option grant vests over a 4 year period; one-fourth of the total amount vests on the first anniversary of the date of grant and 1/36 of the total amount vests on each one-month anniversary of the date of grant thereafter.
- F2Each restricted stock award is the economic equivalent of one share of Envestnet, Inc. Common Stock.
- F3These restricted stock units vest 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 then one-twelfth of the total amount vests on each three-month anniversary of the date of grant thereafter.
- F4These restricted stock unit vests over a 2- year period; 40% of the total amount vests on the date of the grant; and then 30% of the total amount vests on each anniversary of the date of the grant thereafter.
- F5Each restricted stock award represents the contingent right to receive one share of common stock upon vesting of the unit.
- F6Represents the issuance of Envestnet, Inc. common stock upon the vesting of restricted stock units effective August 29, 2017. Restricted stock units convert into common stock on a one-for-one basis. The reporting person was granted 663 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.
- F7This option grant vests over a 3 year period; one-third of the total amount vests on the first anniversary of the date of grant and one-twelfth of the total amount vests on each three-month anniversary of the date of grant thereafter.