SEC Form 4 · accession 0001140361-16-077081
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
Aug 15, 2016
Accepted (ET)
Aug 17, 2016 · 8:52 pm EDT
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 | Aug 15, 2016 | M | 8,500 | $0.00 | A | 8,500 | D | |
| Common StockF2 | Aug 17, 2016 | S | 3,259 | $50.02 | D | 5,241 | 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 UnitF3,F4 | — | Aug 15, 2016 | M | 8,500 | D | — | — | Common Stock | 8,500 | 0 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 15, 2012.
- F2Represents shares sold to cover taxes due upon vesting and settlement of the RSU.
- F3The RSU represents a contingent right to receive one (1) share of Issuer common stock under the Issuer's 2006 Equity Incentive Plan.
- F4This award vested in 4 equal annual installments beginning August 15, 2012, with the last installment vesting on August 15, 2016.