Filing Details
- Accession Number:
- 0001104659-17-066073
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-11-03 16:49:58
- Reporting Period:
- 2017-11-01
- Accepted Time:
- 2017-11-03 16:49:58
- 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 |
|---|---|---|---|---|---|---|---|
| 1497434 | Shelly O'brien | 35 East Wacker Drive Suite 2400 Chicago IL 60601 | Chief Legal Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2017-11-01 | 3,000 | $53.28 | 7,292 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-11-02 | 2,083 | $0.00 | 31,260 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-11-02 | 977 | $53.70 | 30,283 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2017-11-02 | 2,083 | $0.00 | 2,083 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 14,585 | 2019-08-02 | No | 4 | M | Direct |
Footnotes
- Sale pursuant to 10b5-1 Plan.
- The Common Shares reported herein as being sold were sold at a range of between $53.10 and $53.60 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.
- Represents 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 25,000 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.
- Starting with the November 2, 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.
- The reporting person is reporting the withholding by Envestnet, Inc. of 977 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.
- These 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.
- Each restricted stock unit represents the contingent right to receive one share of common stock upon the vesting of the unit.
- Because the issuer has revised its method of reporting restricted stock units so that they appear in Table I rather then Table II, the 14,585 unvested restricted stock units of this tranche are included in the total number of shares of Common Stock reported in Table I.
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