SEC Form 4 · accession 0001140361-17-027183
SHUTTERFLY INC · SFLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Arnold
Officer — Sr. Vice President, Enterprise
Period of report
Jun 30, 2017
Accepted (ET)
Jul 5, 2017 · 5:56 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jun 30, 2017 | A | 50,170 | A | — | — | Common Stock | 50,170 | 50,170 | D |
| Stock Options (Right to Receive)F3 | $47.50 | Jun 30, 2017 | A | 157,894 | A | — | Jun 30, 2024 | Common Stock | 157,894 | 157,894 | D |
Explanation of responses
- F1Each of these Restricted Stock Units (the "RSUs") represents a contingent right to receive one (1) share of Issuer common stock upon settlement for no consideration.
- F2The RSUs vest in 4 equal annual installments, subject to the Reporting Person's continuous service to the Issuer through each such vesting date, with the first installment to vest on June 30, 2018.
- F3The stock option vests and becomes exercisable as to 1/4th of the shares subject to the option on June 30, 2018, and thereafter vests as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.