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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
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 *

Bergman Judson
2. Issuer Name and Ticker or Trading Symbol

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

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

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

11/21/2016
(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   11/21/2016     M    1000   (11) A $7.50   650106   D    
Common Stock   11/21/2016     S    1000   (11) D $37.92   (12) 649106   D    
Common Stock   11/21/2016     M    9000   (11) A $7.50   669106   D    
Common Stock   11/21/2016     S    9000   (11) D $38.20   (13) 658106   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   11/21/2016     M         10000    4/26/2007   (1) (10) 4/26/2017   Common Stock   10000   $0   0   D    
Employee Stock Option (Right to Buy)   $7.50                    4/30/2009   (1) 4/30/2018   Common Stock   36000     36000   D    
Employee Stock Option (Right to Buy)   $7.15                    5/15/2010   (1) 5/15/2019   Common Stock   15000     15000   D    
Employee Stock Option (Right to Buy)   $9                    7/28/2011   (2) 7/28/2020   Common Stock   376000     376000   D    
Employee Stock Option (Right to Buy)   $12.55                    2/28/2012   (2) 2/28/2021   Common Stock   10000     10000   D    
Employee Stock Option (Right to Buy)   $12.45                    2/28/2013   (2) 2/28/2022   Common Stock   7951     7.951   D    
Employee Stock Option (Right to Buy)   $15.34                    2/28/2014   (2) 2/28/2023   Common Stock   9408     9408   D    
Employee Stock Option (Right to Buy)   $41.84                    2/28/2015   (2) 2/28/2024   Common Stock   20300     20300   D    
Employee Stock Option (Right to Buy)   $53.88                    2/29/2016   (2) 2/28/2025   Common Stock   17400     17400   D    
Employee Stock Option (Right to Buy)   $20.51                    2/28/2017   (7) 2/28/2026   Common Stock   8932     8932   D    
Employee Stock Option (Right to Buy)   $31.03                    5/12/2017   (7) 5/12/2026   Common Stock   25000     25000   D    
Restricted Stock Unit     (3)                    (5) 2/28/2017   Common Stock   4200   (4)   4200   D    
Restricted Stock Unit     (3)                    (6) 2/28/2018   Common Stock   7734   (4)   7734   D    
Restricted Stock Unit     (3)                    (8) 2/28/2019   Common Stock   8932   (4)   8932   D    
Performance Stock Unit Award     (3)                    (9) 5/12/2019   Common Stock   125000     125000   D    

Explanation of Responses:
( 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. 10,000 options were vested and exercisable as of 11/21/2016.
( 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 $37.92 per share.
( 13)  The shares reported in column 4 were sold in multiple transactions with a weighted average price of $38.20 per share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bergman Judson
35 EAST WACKER DRIVE
SUITE 2400
CHICAGO, IL 60601
X
Chief Executive Officer

Signatures
/s/ Shelly O'Brien, by power of attorney for Judson Bergman 11/23/2016
** 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.
Envestnet (NYSE:ENV)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Envestnet Charts.
Envestnet (NYSE:ENV)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Envestnet Charts.