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Filing Details

Accession Number:: 0001104659-16-154304
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-02 21:33:18
Reporting Period:: 2016-10-31

Filing Date:: 2016-11-02
Accepted Time:: 2016-11-02 21:33:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1337619	Envestnet Inc.	ENV	Services-Business Services, Nec (7389)	201409613

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1497462	Judson Bergman	35 East Wacker Drive Suite 2400 Chicago IL 60601	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2016-10-31	10,000	$7.50	659,106	No	4	M	Direct
Common Stock	Disposition	2016-10-31	10,000	$34.88	649,106	No	4	S	Direct
Common Stock	Acquisiton	2016-10-31	10,000	$7.50	659,106	No	4	M	Direct
Common Stock	Disposition	2016-10-31	10,000	$35.00	649,106	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2016-10-31	20,000	$0.00	70,000	$7.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
50,000	2007-04-26	2017-04-26	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (Right to Buy)	$7.50	2009-04-30	2018-04-30	36,000	36,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$7.15	2010-05-15	2019-05-15	15,000	15,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$9.00	2011-07-28	2020-07-28	376,000	376,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$12.55	2012-02-28	2021-02-28	10,000	10,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$12.45	2013-02-28	2022-02-28	7,951	8	Direct
Common Stock	Employee Stock Option (Right to Buy)	$15.34	2014-02-28	2023-02-28	9,408	9,408	Direct
Common Stock	Employee Stock Option (Right to Buy)	$41.84	2015-02-28	2024-02-28	20,300	20,300	Direct
Common Stock	Employee Stock Option (Right to Buy)	$53.88	2016-02-29	2025-02-28	17,400	17,400	Direct
Common Stock	Employee Stock Option (Right to Buy)	$20.51	2017-02-28	2026-02-28	8,932	8,932	Direct
Common Stock	Employee Stock Option (Right to Buy)	$31.03	2017-05-12	2026-05-12	25,000	25,000	Direct
Common Stock	Restricted Stock Unit	$0.00		2017-02-28	4,200	4,200	Direct
Common Stock	Restricted Stock Unit	$0.00		2018-02-28	7,734	7,734	Direct
Common Stock	Restricted Stock Unit	$0.00		2019-02-28	8,932	8,932	Direct
Common Stock	Performance Stock Unit Award	$0.00		2019-05-12	125,000	125,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-04-30	36,000	36,000	Direct
2019-05-15	15,000	15,000	Direct
2020-07-28	376,000	376,000	Direct
2021-02-28	10,000	10,000	Direct
2022-02-28	7,951	8	Direct
2023-02-28	9,408	9,408	Direct
2024-02-28	20,300	20,300	Direct
2025-02-28	17,400	17,400	Direct
2026-02-28	8,932	8,932	Direct
2026-05-12	25,000	25,000	Direct
2017-02-28	4,200	4,200	Direct
2018-02-28	7,734	7,734	Direct
2019-02-28	8,932	8,932	Direct
2019-05-12	125,000	125,000	Direct

Footnotes

Original option grant vests in three installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
Original option grant vests in four installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
Each restricted stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock
Each restricted unit represents the contingent right to receive one share of common stock upon the vesting of the unit.
The reporting person was granted 12,600 restricted stock units on February 28, 2014. The remaining unvested restricted stock units will continue to vest as to 1/3 of the original number of shares subject to the restricted stock awards on each succeeding February 28th until fully vested.
The reporting person was granted 11,600 restricted stock units on February 28, 2015. The remaining unvested restricted stock units will continue to vest as to 1/3 of the original number of shares subject to the restricted stock awards on each succeeding February 28th until fully vested.
This option grant vests over a 3 year period, one-third of the total amount vests on the first anniversary of the applicable date of grant and one-twelfth of the total amount vests on each three-month anniversary of the date of grant thereafter.
This restricted stock unit vests over a 3 year period, with one-twelfth of the total amount vesting on each three-month anniversary of the date of grant.
The 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.
A total of 200,000 options were granted on 04/26/2007. 70,000 options were vested and exercisable as of 10/31/2016.
Option exercise and sale pursuant to a 10b5-1 plan established to allow the exercise and sale of options which will be forfeited if not exercised prior to the April 26, 2017 expiration date.
The shares reported in column 4 were sold in multiple transactions with a weighted average price of $34.88 per share.
The shares reported in column 4 were sold in one transaction with a price of $35.00 per share.