|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit | (2) | 09/07/2017 | M | 8,333 | (3) | 12/07/2018(4) | Common Stock | 8,333 | (5) | 41,669 | D | ||||
Restricted Stock Unit | (2) | (3) | 03/28/2020 | Common Stock | 20,000 (5) | 20,000 | D | ||||||||
Employee Stock Option (Right to Buy) | $ 32.46 | (6) | 12/07/2025 | Common Stock | 20,000 | 20,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Arora Anil 35 EAST WACKER DRIVE SUITE 2400 CHICAGO, IL 60601 |
X | Envestnet | Yodlee * |
/s/ Shelly O'Brien, by power of attorney for Anil Arora | 09/11/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These 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. |
(2) | Each restricted stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock. |
(3) | 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 one-twelfth of the total amount vests on each three-month anniversary of the date of grant thereafter. |
(4) | The shares of Common Stock issuable with respect to the restricted stock units remain subject to restriction until the award becomes vested for all purposes. |
(5) | Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit. |
(6) | This option grant vests over a 3 year period; one-twelfth of the total amount vests on each three-month anniversary of the date of grant. |
(7) | Represents the issuance of Envestnet, Inc. common stock upon the vesting of restricted stock units effective September 7, 2017, but remain subject to contractual restrictions (the "September Vested Restricted Stock Units"). The reporting person was granted 100,000 restricted stock units on December 7, 2015 of which one-twelfth of the total amount vested on September 7, 2017. 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. |
(8) | The reporting person is reporting the withholding by Envestnet, Inc. of 4,349 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting for tax purposes of the September Vested Restricted Stock Units to the reporting person on September 7, 2017. |
Remarks: *Chief Executive of Envestnet/Yodlee |