SEC Form 4 · accession 0001104659-17-056580
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
Sep 7, 2017
Accepted (ET)
Sep 11, 2017 · 4:44 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 StockF7 | Sep 7, 2017 | M | 8,333 | — | A | 76,942 | D | |
| Common Stock | Sep 7, 2017 | F | 4,349 | $42.85 | D | 72,593 | 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 | — | Sep 7, 2017 | M | 8,333 | D | — | Dec 7, 2018 | Common Stock | 8,333 | 41,669 | D |
| Restricted Stock UnitF2,F3,F5 | — | holding | — | — | — | — | Mar 28, 2020 | Common Stock | 20,000 | 20,000 | 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.
- 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 one-twelfth of the total amount vests on each three-month anniversary of the date of grant 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 option grant vests over a 3 year period; one-twelfth of the total amount vests on each three-month anniversary of the date of grant.
- F7Represents the issuance of Envestnet, Inc. common stock upon the vesting of restricted stock units effective September 7, 2017, but remain subject to contractual restrictions (the "September 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 September 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 4,349 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting for tax purposes of the September Vested Restricted Stock Units to the reporting person on September 7, 2017.
Remarks
*Chief Executive of Envestnet/Yodlee