Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

Stock-Based Compensation

Schedule of employee stock-based compensation expense

		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2015			2014			2015			2014

Employee stock-based compensation expense		$	3,330		$	3,199		$	6,749		$	5,767
Tax effect on employee stock-based compensation expense		(1,332		)	(1,280		)	(2,700		)	(2,307		)
Net effect on income		$	1,998		$	1,919		$	4,049		$	3,460

Schedule of weighted average assumptions used to value options granted

		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2015			2014			2015			2014

Grant date fair value of options		$	20.60		$	—		$	20.90		$	16.81
Volatility		36.8		%	—			37.2		%	38.7		%
Risk-free interest rate		1.8		%	—			1.7		%	1.8		%
Dividend yield		0.0		%	—			0.0		%	0.0		%
Expected term (in years)		6.0			—			6.0			6.0

Summary of option activity under the Company's plans

		Options		Weighted- Average Exercise Price			Weighted- Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value

Outstanding as of December 31, 2014		4,265,337		$	10.73
Granted		148,677		54.02
Exercised		(415,512	)	8.93
Forfeited		(9,941	)	24.94

Outstanding as of March 31, 2015		3,988,561		12.50			4.8		$	173,837
Granted		123,410		52.67
Exercised		(271,004	)	8.12
Forfeited		(28,403	)	46.07

Outstanding as of June 30, 2015		3,812,564		13.86			4.8		105,196

Options exercisable		3,469,757		11.03			4.4		103,576

Summary of the activity for unvested restricted stock awards granted under the Company's plans

				Weighted-
				Average Grant
		Number of		Date Fair Value
		Shares		per Share

Balance at December 31, 2014		1,098,674		$	33.72
Granted		207,531		53.89
Vested		(358,166	)	20.44
Forfeited		(6,628	)	33.53

Balance at March 31, 2015		941,411		38.61
Forfeited		(5,869	)	45.98

Balance at June 30, 2015		935,542		43.18