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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
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
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
  1. Original option grant vests in three installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
  2. Original option grant vests in four installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
  3. Each restricted stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock
  4. Each restricted unit represents the contingent right to receive one share of common stock upon the vesting of the unit.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. A total of 200,000 options were granted on 04/26/2007. 70,000 options were vested and exercisable as of 10/31/2016.
  11. 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.
  12. The shares reported in column 4 were sold in multiple transactions with a weighted average price of $34.88 per share.
  13. The shares reported in column 4 were sold in one transaction with a price of $35.00 per share.