SEC Form 4 · accession 0001104659-17-072724
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
Dec 7, 2017
Accepted (ET)
Dec 11, 2017 · 4:03 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,F2 | Dec 7, 2017 | M | 8,333 | — | A | 117,844 | D | |
| Common StockF2 | Dec 7, 2017 | F | 4,349 | $49.65 | D | 113,495 | D | |
| Common StockF4 | holding | — | — | — | 136 | I | By Trust for child | |
| Common StockF4 | 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,F8,F6,F7 | — | Dec 7, 2017 | M | 8,333 | D | — | Dec 7, 2018 | Common Stock | 8,333 | 33,336 | D |
Explanation of responses
- F1Represents the restricted shares of Envestnet, Inc. common stock that became vested for tax purposes effective December 7, 2016, but remain subject to contractual restrictions (the "December Vested Restricted Shares"). The reporting person was granted 100,000 restricted stock units on December 7, 2015 of which one-twelfth of the total amount vested on December 7, 2016. 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.
- F2Starting with the December 7, 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.
- 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.
- F4These 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.
- F5Each restricted stock award is the economic equivalent of one share of Envestnet, Inc. Common Stock.
- 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 one-twelfth of the total amount vests on each three-month anniversary of the date of grant thereafter.
- F7The shares of Common Stock issuable with respect to the restricted stock units remain subject to restriction until the award becomes vested for all purposes.
- F8Because the issuer has revised its method of reporting restricted stock units so that they appear in Table I rather then Table II, the 33,336 unvested restricted stock units of this tranche are included in the total number of shares of Common Stock reported in Table I.
Remarks
*Chief Executive of Envestnet / Yodlee