SEC Form 4 · accession 0001567619-18-000692
SHUTTERFLY INC · SFLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher North
Officer — President & CEO · Director
Period of report
Aug 13, 2018
Accepted (ET)
Aug 14, 2018 · 8:44 am 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 | — | Aug 13, 2018 | A | 15,897 | A | — | — | Common Stock | 15,897 | 15,897 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of Issuer common stock.
- 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 August 13, 2019. Vested shares shall be settled within 30 days of the vesting date as set forth in the RSU Award Agreement. These RSUs will expire upon the earlier of the date: (i) when all are settled or (ii) when the Reporting Person ceases to provide services to the Issuer.