SEC Form 4 · accession 0001104659-17-071424
ENVESTNET, INC. · ENV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judson Bergman
Officer — Chief Executive Officer · Director
Period of report
Nov 29, 2017
Accepted (ET)
Dec 1, 2017 · 4:01 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 Stock | Nov 29, 2017 | M | 10,000 | $9.00 | A | 742,569 | D | |
| Common StockF2 | Nov 29, 2017 | S | 9,600 | $48.64 | D | 732,969 | D | |
| Common Stock | Nov 29, 2017 | S | 400 | $50.25 | D | 732,569 | D | |
| Common Stock | Nov 29, 2017 | F | 349 | $48.40 | D | 732,220 | D |
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)F4 | $9.00 | Nov 29, 2017 | M | 10,000 | D | Jul 28, 2011 | Jul 28, 2020 | Common Stock | 10,000 | 317,000 | D |
Explanation of responses
- F1Reflects the cashless exercise of stock options which were granted pursuant to Rule 16b-3. The sale was pursuant to a Rule 10b5-1 plan that covers the cashless exercise and sale of stock options prior to their expiration date.
- F2The Common Shares reported herein as being sold were sold at a range of between $48.150 and $49.750 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.
- F3The reporting person is reporting the withholding by Envestnet, Inc. of shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting of restricted stock units.
- F4Original option grant vested in four installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.