SEC Form 4 · accession 0001620533-17-000039
Shake Shack Inc. · SHAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zach Koff
Officer — Chief Operating Officer
Period of report
Mar 8, 2017
Accepted (ET)
Mar 10, 2017 · 4:57 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CLASS A COMMON STOCKF1 | Mar 8, 2017 | M | 2,000 | $21.00 | A | 2,799 | D | |
| CLASS A COMMON STOCKF2,F3,F4,F5 | Mar 8, 2017 | S | 2,000 | $31.961 | D | 799 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F6 | $21.00 | Mar 8, 2017 | M | 2,000 | D | — | Jan 29, 2025 | CLASS A COMMON STOCK | 2,000 | 88,000 | D |
Explanation of responses
- F1Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon the Reporting Person's cashless exercise of the option to purchase 2,000 shares of Class A Stock.
- F2Represents the sale of shares of Class A Stock of the Issuer that were acquired in a cashless exercise of the Reporting Person's option to purchase 2,000 shares of Class A Stock.
- F3The transaction was executed in multiple trades at prices ranging from $31.9500 to $31.9900. The price reported above represents the weighted average sales price.
- F4The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5Represents shares of Class A Stock of the Issuer held by the Reporting Person.
- F6An option to purchase 106,000 shares of Class A Stock at $21 per share was granted to the Reporting Person on January 29, 2015. 21,200 options vested on January 29, 2016, of which the Reporting Person exercised his option to purchase 16,000 shares of Class A Stock prior to the transactions reported herein. 21,200 options vested on January 29, 2017. The remaining 63,600 options vest in three equal installments on each of January 29, 2018, January 29, 2019 and January 29, 2020, subject to the Reporting Person's continued service with the Issuer.