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Filing Details

Accession Number:: 0001104659-17-001012
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-01-05 19:58:11
Reporting Period:: 2017-01-03

Filing Date:: 2017-01-05
Accepted Time:: 2017-01-05 19:58:11
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
1497443	William Crager	35 East Wacker Drive Suite 2400 Chicago IL 60601	President	No	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	2017-01-03	1,735	$7.50	143,064	No	4	M	Direct
Common Stock	Disposition	2017-01-03	1,735	$34.83	141,329	No	4	S	Direct
Common Stock	Acquisiton	2017-01-03	700	$7.50	142,029	No	4	M	Direct
Common Stock	Disposition	2017-01-03	700	$35.30	141,329	No	4	S	Direct
Common Stock	Acquisiton	2017-01-03	65	$7.50	141,394	No	4	M	Direct
Common Stock	Disposition	2017-01-03	65	$36.15	141,329	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
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	2017-01-03	2,500	$0.00	34,852	$7.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
32,082	2007-04-26	2017-04-26	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	100	Indirect	By wife

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	14,000	14,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$7.15	2010-05-15	2019-05-15	12,000	12,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$9.00	2011-07-28	2020-07-28	164,000	164,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$12.55	2012-02-28	2021-02-28	25,000	25,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$12.45	2013-02-28	2022-02-28	13,954	13,954	Direct
Common Stock	Employee Stock Option (Right to Buy)	$15.34	2014-02-28	2023-02-28	13,500	13,500	Direct
Common Stock	Employee Stock Option (Right to Buy)	$41.84	2015-02-28	2024-02-28	14,100	14,100	Direct
Common Stock	Employee Stock Option (Right to Buy)	$53.88	2016-02-29	2025-02-28	11,400	11,400	Direct
Common Stock	Employee Stock Option (Right to Buy)	$20.51	2017-02-28	2026-02-28	5,852	5,852	Direct
Common Stock	Restricted Stock Award	$0.00		2017-02-28	2,967	2,967	Direct
Common Stock	Restricted Stock Award	$0.00		2018-02-28	5,067	5,067	Direct
Common Stock	Restricted Stock Award	$0.00		2019-02-28	5,852	5,852	Direct
Common Stock	Performance Stock Unit Award	$0.00		2019-05-12	50,000	50,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-04-30	14,000	14,000	Direct
2019-05-15	12,000	12,000	Direct
2020-07-28	164,000	164,000	Direct
2021-02-28	25,000	25,000	Direct
2022-02-28	13,954	13,954	Direct
2023-02-28	13,500	13,500	Direct
2024-02-28	14,100	14,100	Direct
2025-02-28	11,400	11,400	Direct
2026-02-28	5,852	5,852	Direct
2017-02-28	2,967	2,967	Direct
2018-02-28	5,067	5,067	Direct
2019-02-28	5,852	5,852	Direct
2019-05-12	50,000	50,000	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 8,900 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 7,600 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, one third of the total amount vests on the first anniversary of the date of the grant of restricted stock; and then one-twelfth of the total amount vests on each three-month anniversary.
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 80,000 options were granted on 04/26/2007. 34,582 options were vested and exercisable as of 01/03/2017.
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 $34.83 per share.
The shares reported in column 4 were sold in multiple transactions with a weighted average price of $35.3 per share.
The shares reported in column 4 were sold in one transaction at a price of $36.15 per share.