SEC Form 4 · accession 0001140361-16-087620
SHUTTERFLY INC · SFLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Satish Menon
Officer — SVP, Chief Technology Officer
Period of report
Nov 18, 2016
Accepted (ET)
Nov 22, 2016 · 5:12 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 StockF1,F2 | Nov 18, 2016 | S | 10,628 | $49.9698 | D | 64,372 | D | |
| Common StockF4 | Nov 21, 2016 | S | 14,372 | $50.4313 | D | 50,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the aggregate number of shares of the Issuer's common stock sold by the Reporting Person to cover taxes due upon the release and settlement of restricted stock units.
- F2Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $49.87 to $49.97 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F3This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 8, 2016.
- F4Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $50.28 to $50.61 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.