SEC Form 4 · accession 0001620533-17-000092
Shake Shack Inc. · SHAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Flug
Director · 10% Owner
Period of report
May 23, 2017
Accepted (ET)
May 25, 2017 · 6:11 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 23, 2017 | M | 3,405 | $34.62 | A | 6,645 | D | |
| CLASS A COMMON STOCKF2,F3,F4 | May 23, 2017 | S | 3,321 | $37.4456 | D | 3,324 | 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)F5 | $34.62 | May 23, 2017 | M | 3,405 | D | May 19, 2017 | May 19, 2026 | CLASS A COMMON STOCK | 3,405 | 0 | 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 exercise of the option to purchase 3,405 shares of Class A Stock.
- F2Represents the sale of shares of Class A Stock of the Issuer that were disposed of through a "sell to cover" exercise of Reporting Person's option to purchase 3,405 shares of Class A Stock.
- F3The transaction was executed in multiple trades at prices ranging from $37.4000 to $37.4900. 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.
- F5An option to purchase 3,405 shares of Class A Stock at $34.62 was granted to the Reporting Person on May 19, 2016. All 3,405 options vested on May 19, 2017.