SEC Form 4 · accession 0001140361-16-068347
SHUTTERFLY INC · SFLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher North
Officer — President & CEO
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 6:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001125920
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $48.30 | May 31, 2016 | A | 850,000 | A | — | May 31, 2023 | Common Stock | 850,000 | 850,000 | D |
| Restricted Stock UnitsF2,F3 | — | May 31, 2016 | A | 150,000 | A | — | — | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F125% of the total shares subject to the Option will vest on May 31, 2017, and 1/48th of the total shares will vest monthly over the following 36 months, subject to the continued employment of the Reporting Person on each vesting date.
- F2Each Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of Issuer common stock under the Notice of Inducement Restricted Stock Unit Award and Inducement Award Agreement (Restricted Stock Units).
- F3The RSU will vest as follows: (i) 40,000 shares on May 31, 2017, (ii) 50,000 shares on May 31, 2018, and (iii) 60,000 shares on May 31, 2019, subject to the continued employment of the Reporting Person on each vesting date.