0001104659-16-158911.txt : 20161123
0001104659-16-158911.hdr.sgml : 20161123
20161123161300
ACCESSION NUMBER: 0001104659-16-158911
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161121
FILED AS OF DATE: 20161123
DATE AS OF CHANGE: 20161123
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ENVESTNET, INC.
CENTRAL INDEX KEY: 0001337619
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 201409613
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 35 E WACKER DR STE 2400
CITY: CHICAGO
STATE: IL
ZIP: 60601
BUSINESS PHONE: 312-827-2800
MAIL ADDRESS:
STREET 1: 35 E WACKER DR STE 2400
CITY: CHICAGO
STATE: IL
ZIP: 60601
FORMER COMPANY:
FORMER CONFORMED NAME: ENVESTNET ASSET MANAGEMENT GROUP INC
DATE OF NAME CHANGE: 20050831
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bergman Judson
CENTRAL INDEX KEY: 0001497462
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34835
FILM NUMBER: 162016732
MAIL ADDRESS:
STREET 1: 35 E. WACKER DRIVE
STREET 2: SUITE 2400
CITY: CHICAGO
STATE: IL
ZIP: 60601
4
1
a4.xml
4
X0306
4
2016-11-21
0
0001337619
ENVESTNET, INC.
ENV
0001497462
Bergman Judson
35 EAST WACKER DRIVE
SUITE 2400
CHICAGO
IL
60601
1
1
0
0
Chief Executive Officer
Common Stock
2016-11-21
4
M
0
1000
7.50
A
650106
D
Common Stock
2016-11-21
4
S
0
1000
37.92
D
649106
D
Common Stock
2016-11-21
4
M
0
9000
7.50
A
669106
D
Common Stock
2016-11-21
4
S
0
9000
38.20
D
658106
D
Employee Stock Option (Right to Buy)
7.50
2016-11-21
4
M
0
10000
0
D
2007-04-26
2017-04-26
Common Stock
10000
0
D
Employee Stock Option (Right to Buy)
7.50
2009-04-30
2018-04-30
Common Stock
36000
36000
D
Employee Stock Option (Right to Buy)
7.15
2010-05-15
2019-05-15
Common Stock
15000
15000
D
Employee Stock Option (Right to Buy)
9
2011-07-28
2020-07-28
Common Stock
376000
376000
D
Employee Stock Option (Right to Buy)
12.55
2012-02-28
2021-02-28
Common Stock
10000
10000
D
Employee Stock Option (Right to Buy)
12.45
2013-02-28
2022-02-28
Common Stock
7951
7.951
D
Employee Stock Option (Right to Buy)
15.34
2014-02-28
2023-02-28
Common Stock
9408
9408
D
Employee Stock Option (Right to Buy)
41.84
2015-02-28
2024-02-28
Common Stock
20300
20300
D
Employee Stock Option (Right to Buy)
53.88
2016-02-29
2025-02-28
Common Stock
17400
17400
D
Employee Stock Option (Right to Buy)
20.51
2017-02-28
2026-02-28
Common Stock
8932
8932
D
Employee Stock Option (Right to Buy)
31.03
2017-05-12
2026-05-12
Common Stock
25000
25000
D
Restricted Stock Unit
2017-02-28
Common Stock
4200
4200
D
Restricted Stock Unit
2018-02-28
Common Stock
7734
7734
D
Restricted Stock Unit
2019-02-28
Common Stock
8932
8932
D
Performance Stock Unit Award
2019-05-12
Common Stock
125000
125000
D
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 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.
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.
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, with one-twelfth of the total amount vesting on each three-month anniversary of the date of grant.
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 200,000 options were granted on 04/26/2007. 10,000 options were vested and exercisable as of 11/21/2016.
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 $37.92 per share.
The shares reported in column 4 were sold in multiple transactions with a weighted average price of $38.20 per share.
/s/ Shelly O'Brien, by power of attorney for Judson Bergman
2016-11-23