SEC Form 4 · accession 0001620533-17-000078
Shake Shack Inc. · SHAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peggy Rubenzer
Officer — SVP, People Resources
Period of report
May 9, 2017
Accepted (ET)
May 11, 2017 · 5:53 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 STOCKF1 | May 9, 2017 | M | 10,000 | $21.00 | A | 28,134 | D | |
| CLASS A COMMON STOCKF2,F3,F4 | May 9, 2017 | S | 10,000 | $36.6777 | D | 18,134 | D | |
| CLASS A COMMON STOCKF4,F5 | May 9, 2017 | S | 719 | $36.7509 | D | 17,415 | 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 | May 9, 2017 | M | 10,000 | D | — | Jan 29, 2025 | CLASS A COMMON STOCK | 10,000 | 96,000 | 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 10,000 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 10,000 shares of Class A Stock.
- F3The transaction was executed in multiple trades at prices ranging from $36.6450 to $36.7200. The price reported above reflects 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.
- F5The transaction was executed in multiple trades at prices ranging from $36.7300 to $36.7600. The price reported above reflects the weighted average sales price.
- F6An option to purchase 106,000 shares of Class A Stock of the Issuer at $21 per share was granted to the Reporting Person on January 29, 2015. 21,200 options vested on January 29, 2016, 21, 200 options vested on January 29, 2017, and the remaining option vests 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.