SEC Form 4 · accession 0001104659-17-066073
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
Shelly O'Brien
Officer — Chief Legal Officer
Period of report
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 4:49 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 StockF2 | Nov 1, 2017 | S | 3,000 | $53.28 | D | 7,292 | D | |
| Common StockF3,F4 | Nov 2, 2017 | M | 2,083 | — | A | 31,260 | D | |
| Common StockF4 | Nov 2, 2017 | F | 977 | $53.70 | D | 30,283 | 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 UnitsF7,F8,F6 | — | Nov 2, 2017 | M | 2,083 | D | — | Aug 2, 2019 | Common Stock | 2,083 | 14,585 | D |
Explanation of responses
- F1Sale pursuant to 10b5-1 Plan.
- F2The Common Shares reported herein as being sold were sold at a range of between $53.10 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.
- F3Represents the issuance of Envestnet, Inc. common stock upon the vesting of restricted stock units effective November 2, 2017 (the "November Vested Restricted Stock Units"). Restricted stock units convert into common stock on a one-for-one basis. The reporting person was granted 25,000 restricted stock units on August 2, 2016 of which one-twelfth of the total amount vested on November 2, 2017. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission on August 4, 2016.
- F4Starting with the November 2, 2017 vesting of restricted stock units, the issuer's method of reporting restricted stock units has been revised to report such grants in Table I rather than as previously reported in Table II. Accordingly, amount includes unvested restricted stock units previously reported in Table II.
- F5The reporting person is reporting the withholding by Envestnet, Inc. of 977 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting for tax purposes of the November Vested Restricted Stock Units to the reporting person on November 2, 2017.
- F6These 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.
- F7Each restricted stock unit represents the contingent right to receive one share of common stock upon the vesting of the unit.
- F8Because the issuer has revised its method of reporting restricted stock units so that they appear in Table I rather then Table II, the 14,585 unvested restricted stock units of this tranche are included in the total number of shares of Common Stock reported in Table I.