SEC Form 4 · accession 0001140361-16-054036
SHUTTERFLY INC · SFLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ishantha Lokuge
Officer — SVP and Chief Product Officer
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 9:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001125920
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 16, 2016 | M | 5,000 | $0.00 | A | 5,000 | D | |
| Common Stock | Feb 16, 2016 | S | 2,023 | $39.3533 | D | 2,977 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Feb 16, 2016 | M | 3,500 | D | — | — | Common Stock | 3,500 | 0 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | Feb 16, 2016 | M | 1,500 | D | — | — | Common Stock | 1,500 | 0 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 13, 2013.
- F2Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock under the Issuer's 2015 Equity Incentive Plan.
- F3This award vested in 3 equal annual installments beginning February 15, 2014, and is fully vested as of the date of this Form 4.
- F4This award vested in 3 equal annual installments beginning February 15, 2014, subject to achievement of the applicable performance objectives, and is fully vested as of the date of this Form 4.