SEC Form 4 · accession 0001620533-19-000002
Shake Shack Inc. · SHAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tara Comonte
Officer — CHIEF FINANCIAL OFFICER
Period of report
Jan 3, 2019
Accepted (ET)
Jan 4, 2019 · 5:35 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 | Jan 3, 2019 | F | 901 | $43.81 | D | 44,122 | D | |
| CLASS A COMMON STOCKF2 | Jan 3, 2019 | A | 11,413 | $43.81 | A | 55,535 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") withheld for taxes upon the vesting of restricted stock units that were previously acquired by the Reporting Person on January 3, 2018 pursuant to the Reporting Person's Employment Agreement with the Issuer (the "Employment Agreement") and the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Award Plan"). This footnote clarifies that the restricted stock units were acquired on January 3, 2018; the Form 4 filed on January 12, 2018 incorrectly referred to January 2, 2018 as the date that the restricted stock units were acquired.
- F2Represents shares of Class A Stock of the Issuer underlying restricted stock units acquired by the Reporting Person pursuant to the Employment Agreement and the Incentive Award Plan. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in five equal installments, beginning on January 3, 2020 and continuing on each of the following four year anniversaries, subject to the Employment Agreement.