SEC Form 4 · accession 0001140361-16-054229
SHUTTERFLY INC · SFLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 17, 2016 | A | 1,575 | $0.00 | A | 1,575 | D | |
| Common Stock | Feb 17, 2016 | M | 675 | $0.00 | A | 2,250 | D | |
| Common Stock | Feb 18, 2016 | S | 997 | $39.0559 | D | 1,253 | 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 UnitsF3,F4 | — | Feb 17, 2016 | M | 1,575 | D | — | — | Common Stock | 1,575 | 4,725 | D |
Explanation of responses
- F1Reflects shares vested pursuant to a performance-based restricted stock unit award issued on February 23, 2015 under the Issuer's 2006 Equity Incentive Plan.
- F2Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 23, 2015.
- F3Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock under the Issuer's 2015 Equity Incentive Plan.
- F4This award vests in 4 equal annual installments beginning February 23, 2015.
Remarks
The undersigned, Lisa Blackwood-Kapral, authorizes and designates Michael Pope and Ray Amanquah to execute and file on the undersigned's behalf all Forms 3, 4, and 5 (including any amendments thereto) that the undersigned may be required to file with the U.S. Securities and Exchange Commission as a result of the undersigned's ownership of or transactions in securities of Shutterfly, Inc. The authority of Michael Pope and Ray Amanquah under this Statement shall continue until the undersigned is no longer required to file Forms 3, 4, and 5 with regard to the undersigned's ownership of or transactions in securities of Shutterfly, Inc., unless earlier revoked in writing. The undersigned acknowledges that Michael Pope and Ray Amanquah are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. November 6, 2015 /s/ Lisa Blackwood-Kapral