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)

4/3/2017
(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   4/3/2017     M    7403   (10) A $7.50   18154   D    
Common Stock   4/3/2017     S    7403   (10) D $32.33   (13) 10751   D    
Common Stock   4/3/2017     M    2000   (12) A $7.50   12751   D    
Common Stock   4/3/2017     S    2000   (12) D $32.26   (14) 10751   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   4/3/2017     M         7403    4/26/2007   (1) (9) 4/26/2017   Common Stock   7403   $0   0   D    
Employee Stock Option (Right to Buy)   $7.50   4/3/2017     M         2000    4/30/2009   (2) (11) 4/30/2018   Common Stock   5000   $0   3000   D    
Employee Stock Option (Right to Buy)   $7.15                    5/15/2010   (1) 5/15/2019   Common Stock   2000     2000   D    
Employee Stock Option (Right to Buy)   $9                    7/28/2011   (2) 7/28/2020   Common Stock   18366     18366   D    
Employee Stock Option (Right to Buy)   $12.55                    2/28/2012   (2) 2/28/2021   Common Stock   3333     3333   D    
Employee Stock Option (Right to Buy)   $12.45                    2/28/2013   (2) 2/28/2022   Common Stock   3339     3339   D    
Employee Stock Option (Right to Buy)   $15.34                    2/28/2014   (2) 2/28/2023   Common Stock   7150     7150   D    
Employee Stock Option (Right to Buy)   $41.84                    2/28/2015   (2) 2/28/2024   Common Stock   5500     5500   D    
Employee Stock Option (Right to Buy)   $53.88                    2/29/2016   (2) 2/28/2025   Common Stock   4800     4800   D    
Employee Stock Option (Right to Buy)   $20.51                    2/28/2017   (3) 2/28/2026   Common Stock   2464     2464   D    
Employee Stock Option (Right to Buy)   $31.70                    3/28/2018   (3) 3/28/2027   Common Stock   1667     1667   D    
Restricted Stock Units     (4)                    (6) 2/28/2018   Common Stock   1067   (5)   1067   D    
Restricted Stock Units     (4)                    (7) 2/28/2019   Common Stock   1643   (5)   1643   D    
Restricted Stock Units     (4)                    (8) 8/2/2019   Common Stock   29834   (5)   20.834   D    
Restricted Stock Units     (4)                    (7) 3/28/2020   Common Stock   5000   (5)   5000   D    

Explanation of Responses:
(1)  Original option grant vests in four installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
(2)  Original option grant vests in three installments beginning on the first anniversary of the date of grant as listed in the "Date Exercisable" column.
(3)  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.
(4)  Each restricted stock unit is the economic equivalent of one share of Envestnet, Inc. Common Stock.
(5)  Each restricted award represents the contingent right to receive one share of common stock upon the vesting of the unit.
(6)  The reporting person was granted 3,200 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)  These restricted stock units vest over a 3 year period, with 1/3 of the shares vesting on the first anniversary of the date of grant and one-twelfth of the total amount vesting on each three-month anniversary of the date of grant.
(8)  These restricted stock units over a 3 year period, with one-twelfth of the total amount vesting on each three-month anniversary of the date of grant.
(9)  A total of 80,000 options were granted on 04/26/2007. 7,403 options were vested and exercisable as of 04/03/2017.
(10)  Option and 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.
(11)  A total of 5,000 options were granted on 04/30/2008. 5,000 options were vested and exercisable as of 04/03/2017.
(12)  Option and 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 30, 2018 expiration date.
(13)  The shares reported in column 4 were sold in one transaction with a price of $32.33 per share.
(14)  The shares reported in column 4 were sold in one transaction with a price of $32.26 per share.

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 4/5/2017
** 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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