SEC Form 4 · accession 0000846623-16-000022
Shake Shack Inc. · SHAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura J Sloate
10% Owner
Period of report
Sep 6, 2016
Accepted (ET)
Sep 8, 2016 · 3:43 pm EDT
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Sep 6, 2016 | S | 2,500 | $35.50 | D | 5,000 | D | |
| Class A Common Stock | Sep 6, 2016 | S | 2,500 | $36.00 | D | 2,500 | D | |
| Class B Common StockF1 | holding | — | — | — | 250,074 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Membership InterestsF2,F3 | — | holding | — | — | — | — | — | Class A Common Stock | 250,074 | 250,074 | D |
Explanation of responses
- 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.