SEC Form 4 · accession 0000846623-16-000012

Shake Shack Inc. · SHAK

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

Reporting owner

10% Owner

Period of report

Feb 23, 2016

Accepted (ET)

Feb 24, 2016 · 4:26 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001620533

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Class A Common Stock	Feb 23, 2016	S	2,500	$39.80	D	5,000	D
Class A Common Stock	Feb 23, 2016	S	2,500	$40.25	D	2,500	D
Class A Common Stock	Feb 24, 2016	S	2,500	$40.64	D	0	D
Class B Common Stock^F1	holding	—	—		—	294,074	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Membership Interests^F2,F3	—	holding	—	—	—	—	—	Class A Common Stock	294,074	294,074	D

F1Upon the reclassification of the Reporting Person's LLC Interests in connection with the Issuer's IPO in February 2015, the Reporting Person was issued one share of Class B Common Stock for each LLC Interest. One share of Class B Common Stock must be surrendered and canceled upon conversion or redemption of each LLC Interest for Class A Common Stock, as described in fn. 2.
F2In connection with the Issuer's IPO, the Reporting Person's membership interests in SSE Holdings, LLC (the "LLC Interests") became convertible into an equal number of shares of Class A Common Stock on a one-for-one basis, or at the election of the issuer, redeemable for cash equal to the volume-weighted average market price of such Class A shares. Surrender of one share of Class B Common Stock is required for each LLC Interest redeemed, as described in fn. 1.
F3The LLC Interests may be converted or redeemed at any time and have no expiration date.