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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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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 (Month/Day/Year) 04/03/2017 (Street) CHICAGO, IL 60601 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 04/03/2017   M   7,403 (10) A $ 7.5 18,154 D   Common Stock 04/03/2017   S   7,403 (10) D $ 32.33 (13) 10,751 D   Common Stock 04/03/2017   M   2,000 (12) A $ 7.5 12,751 D   Common Stock 04/03/2017   S   2,000 (12) D $ 32.26 (14) 10,751 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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 (Month/Day/Year)

7. Title and Amount of Underlying Securities (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)

$ 7.5

04/03/2017

M

7,403

04/26/2007(1)(9)

04/26/2017

Common Stock

7,403

$ 0

0

D

Employee Stock Option (Right to Buy)

$ 7.5

04/03/2017

M

2,000

04/30/2009(2)(11)

04/30/2018

Common Stock

5,000

$ 0

3,000

D

Employee Stock Option (Right to Buy)

$ 7.15

05/15/2010(1)

05/15/2019

Common Stock

2,000

2,000

D

Employee Stock Option (Right to Buy)

$ 9

07/28/2011(2)

07/28/2020

Common Stock

18,366

18,366

D

Employee Stock Option (Right to Buy)

$ 12.55

02/28/2012(2)

02/28/2021

Common Stock

3,333

3,333

D

Employee Stock Option (Right to Buy)

$ 12.45

02/28/2013(2)

02/28/2022

Common Stock

3,339

3,339

D

Employee Stock Option (Right to Buy)

$ 15.34

02/28/2014(2)

02/28/2023

Common Stock

7,150

7,150

D

Employee Stock Option (Right to Buy)

$ 41.84

02/28/2015(2)

02/28/2024

Common Stock

5,500

5,500

D

Employee Stock Option (Right to Buy)

$ 53.88

02/29/2016(2)

02/28/2025

Common Stock

4,800

4,800

D

Employee Stock Option (Right to Buy)

$ 20.51

02/28/2017(3)

02/28/2026

Common Stock

2,464

2,464

D

Employee Stock Option (Right to Buy)

$ 31.7

03/28/2018(3)

03/28/2027

Common Stock

1,667

1,667

D

Restricted Stock Units

(4)

(6)

02/28/2018

Common Stock

1,067 (5)

1,067

D

Restricted Stock Units

(4)

(7)

02/28/2019

Common Stock

1,643 (5)

1,643

D

Restricted Stock Units

(4)

(8)

08/02/2019

Common Stock

29,834 (5)

20.834

D

Restricted Stock Units

(4)

(7)

03/28/2020

Common Stock

5,000 (5)

5,000

D

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		04/05/2017
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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.

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