SEC Form 4 · accession 0001104659-17-066298
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brandon Thomas
Officer — Chief Investment Officer
Period of report
Nov 2, 2017
Accepted (ET)
Nov 6, 2017 · 4:06 pm EST
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 StockF1,F3 | Nov 2, 2017 | M | 1,667 | — | A | 260,512 | D | |
| Common StockF3 | Nov 2, 2017 | F | 539 | $53.70 | D | 259,973 | D | |
| Common StockF4 | holding | — | — | — | 13,938 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F7,F5 | — | Nov 2, 2017 | M | 1,667 | D | — | Aug 2, 2019 | Common Stock | 1,667 | 11,669 | D |
Explanation of responses
- F1Represents 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 20,000 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.
- F2The reporting person is reporting the withholding by Envestnet, Inc. of 539 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.
- F3The 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.
- F4Represents shares held by a trust in which the reporting person is the trustee.
- F5These 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.
- F6Each restricted stock unit represents the contingent right to receive one share of common stock upon the vesting of the unit.
- F7Because the issuer has revised its method of reporting restricted stock units so that they appear in Table I rather then Table II, the 11,669 unvested restricted stock units of this tranche are included in the total number of shares of Common Stock reported in Table I.