SEC Form 4 · accession 0001104659-17-064964

ENVESTNET, INC. · ENV

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

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

William Crager

Officer — President

Period of report

Oct 27, 2017

Accepted (ET)

Oct 31, 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 Stock^F11	Oct 27, 2017	S	5,000	$53.31	D	150,555	D
Common Stock	holding	—	—		—	100	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
Employee Stock Option (Right to Buy)^F1	$7.50	holding	—	—	—	Apr 30, 2009	Apr 30, 2018	Common Stock	14,000	14,000	D
Employee Stock Option (Right to Buy)^F1	$7.15	holding	—	—	—	May 15, 2010	May 15, 2019	Common Stock	12,000	12,000	D
Employee Stock Option (Right to Buy)^F2	$9.00	holding	—	—	—	Jul 28, 2011	Jul 28, 2020	Common Stock	164,000	164,000	D
Employee Stock Option (Right to Buy)^F1	$12.55	holding	—	—	—	Feb 28, 2012	Feb 28, 2021	Common Stock	25,000	25,000	D
Employee Stock Option (Right to Buy)^F1	$12.45	holding	—	—	—	Feb 28, 2013	Feb 28, 2022	Common Stock	13,954	13,954	D
Employee Stock Option (Right to Buy)^F1	$15.34	holding	—	—	—	Feb 28, 2014	Feb 28, 2023	Common Stock	13,500	13,500	D
Employee Stock Option (Right to Buy)^F1	$41.84	holding	—	—	—	Feb 28, 2015	Feb 28, 2024	Common Stock	14,100	14,100	D
Employee Stock Option (Right to Buy)^F1	$53.88	holding	—	—	—	Feb 28, 2016	Feb 27, 2025	Common Stock	11,400	11,400	D
Employee Stock Option (Right to Buy)^F4	$20.51	holding	—	—	—	Feb 28, 2017	Feb 28, 2026	Common Stock	5,852	5,852	D
Employee Stock Option (Right to Buy)^F3	$31.70	holding	—	—	—	Mar 28, 2018	Mar 28, 2027	Common Stock	5,733	5,733	D
Restricted Stock Units^F5,F7,F6	—	holding	—	—	—	—	Feb 28, 2018	Common Stock	2,534	2,534	D
Restricted Stock Units^F5,F8,F6	—	holding	—	—	—	—	Feb 28, 2019	Common Stock	2,928	2,928	D
Performance Stock Unit Award^F5,F9,F6	—	holding	—	—	—	—	May 12, 2019	Common Stock	33,334	33,334	D
Restricted Stock Units^F5,F8,F6	—	holding	—	—	—	—	Mar 28, 2020	Common Stock	17,200	17,200	D

Explanation of responses

F1This option grant vests over a 3 year period; one-third of the total amount vests on each anniversary of the date of grant.
F10Sale pursuant to 10b5-1 Plan.
F11The Common Shares reported herein as being sold were sold at a range of between $52.85 and $53.60 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.
F2This option grant vests over a 4 year period; one-fourth of the total amount vests on each anniversary of the date of grant.
F3This 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.
F4This option grant vests over a 3 year period; one-twelfth of the total amount vests on each three-month anniversary of the sate of grant.
F5Each restricted stock unit or performance stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock
F6Each restricted stock unit or performance stock unit represents the contingent right to receive one share of common stock upon the vesting of the unit.
F7These restricted stock units vest over a 3-year period; one-third of the total amount vests on each anniversary of the date of grant.
F8These 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.
F9The Reporting Person will earn a percentage of his performance stock unit award ("Banked Units") based on specific adjusted EBIDTA goals for the relevant performance period. This performance stock unit award vests over a 3 consecutive one-year performance periods, with 33.33% of Banked Units vesting following the First Performance Period, 50% of the outstanding Banked Units following the Second Performance Period and 100% of the outstanding Banked Units following the Final Performance Period, as described in the executive's employment agreement dated May 12, 2016 by and between the Company and the Reporting Person.