FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

O'Brien Shelly
2. Issuer Name and Ticker or Trading Symbol

ENVESTNET, INC. [ ENV ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Legal Officer
(Last)          (First)          (Middle)

35 EAST WACKER DRIVE, SUITE 2400
3. Date of Earliest Transaction (MM/DD/YYYY)

5/31/2016
(Street)

CHICAGO, IL 60601
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/31/2016     M    3500   (2) A $7.5   9240   D    
Common Stock   5/31/2016     S    3500   (2) D $33.66   (3) 5740   D    
Common Stock   6/1/2016     M    3500   (2) A $7.5   9240   D    
Common Stock   6/1/2016     S    3500   (2) D $33.73   (4) 5740   D    
Common Stock   6/2/2016     M    1000   (2) A $7.5   6740   D    
Common Stock   6/2/2016     S    1000   (2) D $35.00   (5) 5740   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Employee Stock Option (Right to Buy)   $7.50   5/31/2016     M         8000    4/26/2007   (1) (6) 4/26/2017   Common Stock   8000   $0   49903   D    
Employee Stock Option (Right to Buy)   $7.50                    4/30/2009   (7) 4/30/2018   Common Stock   5000     5000   D    
Employee Stock Option (Right to Buy)   $7.15                    5/15/2010   (7) 5/15/2019   Common Stock   2000     2000   D    
Employee Stock Option (Right to Buy)   $9                    7/28/2011   (6) 7/28/2020   Common Stock   18366     18366   D    
Employee Stock Option (Right to Buy)   $12.55                    2/28/2012   (7) 2/28/2021   Common Stock   3333     3333   D    
Employee Stock Option (Right to Buy)   $12.45                    2/28/2013   (7) 2/28/2022   Common Stock   3339     3339   D    
Employee Stock Option (Right to Buy)   $15.34                    2/28/2014   (7) 2/28/2023   Common Stock   7150     7150   D    
Employee Stock Option (Right to Buy)   $41.84                    2/28/2015   (7) 2/28/2024   Common Stock   5500     5500   D    
Employee Stock Option (Right to Buy)   $53.88                    2/29/2016   (7) 2/28/2025   Common Stock   4800     4800   D    
Employee Stock Option (Right to Buy)   $20.51                    2/28/2017   (8) 2/28/2026   Common Stock   2464     2464   D    
Restricted Stock Award     (9)                    (10) 2/28/2017   Common Stock   1200   (11)   1200   D    
Restricted Stock Award     (9)                    (10) 2/28/2018   Common Stock   2134   (11)   2134   D    
Restricted Stock Award     (9)                    (10) 2/28/2019   Common Stock   2464   (12)   2464   D    

Explanation of Responses:
( 1)  A total of 80,000 options were granted on 04/26/2007. 57,903 options were vested and exercisable as of 05/31/2016.
( 2)  Options exercise and sale pursuant to a 10b5-1 plan.
( 3)  The shares reported in column 4 were sold in one transaction at $33.66 per share.
( 4)  The shares reported in column 4 were sold in one transaction at $33.73 per share.
( 5)  The shares reported in column 4 were sold in one transaction at $35.00 per share.
( 6)  Original option grant vests in four installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
( 7)  Original option grant vests in three installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
( 8)  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.
( 9)  Each restricted stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock.
( 10)  Each restricted award represents the contingent right to receive one share of common stock upon the vesting of the unit.
( 11)  This restricted stock award vests in three equal installments annually beginning on the first anniversary of the date of the grant of restricted stock.
( 12)  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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
O'Brien Shelly
35 EAST WACKER DRIVE
SUITE 2400
CHICAGO, IL 60601


Chief Legal Officer

Signatures
/s/ Shelly O'Brien 6/2/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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