SEC Form 4 · accession 0001140361-17-000547

SHUTTERFLY INC · SFLY

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP, Chief Technology Officer

Period of report

Dec 30, 2016

Accepted (ET)

Jan 4, 2017 · 9:04 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
Common Stock	Dec 30, 2016	M	7,500	$0.00	A	57,500	D
Common Stock^F2	Jan 3, 2017	S	3,966	$49.3919	D	53,534	D
Common Stock^F2	Jan 3, 2017	S	13	$49.0938	D	53,521	D
Common Stock^F4	Jan 4, 2017	S	3,521	$49.8346	D	50,000	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F5,F6	—	Dec 30, 2016	M	7,500	D	—	—	Common Stock	7,500	0	D

F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on December 30, 2015.
F2Represents shares sold to cover taxes due upon vesting and settlement of the RSU.
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 $49.51 to $50.30 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.
F5Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock upon settlement for no consideration.
F6This award vested in full on December 30, 2016.