SEC Form 4 · accession 0001620533-19-000014
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 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:28 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 1, 2019 | M | 5,000 | $21.00 | A | 11,441 | D | |
| CLASS A COMMON STOCKF2 | Mar 1, 2019 | S | 5,000 | $55.00 | D | 6,441 | D | |
| CLASS A COMMON STOCKF3 | Mar 1, 2019 | M | 2,500 | $21.00 | A | 8,941 | D | |
| CLASS A COMMON STOCKF4 | Mar 1, 2019 | S | 2,500 | $54.00 | D | 6,441 | D | |
| CLASS A COMMON STOCKF3 | Mar 1, 2019 | M | 2,500 | $21.00 | A | 8,941 | D | |
| CLASS A COMMON STOCKF4 | Mar 1, 2019 | S | 2,500 | $53.00 | D | 6,441 | 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 | $21.00 | Mar 1, 2019 | M | 5,000 | D | — | Jan 29, 2025 | CLASS A COMMON STOCK | 5,000 | 62,000 | D |
| Stock Option (Right to Buy)F5 | $21.00 | Mar 1, 2019 | M | 2,500 | D | — | Jan 29, 2025 | CLASS A COMMON STOCK | 2,500 | 59,500 | D |
| Stock Option (Right to Buy)F5 | $21.00 | Mar 1, 2019 | M | 2,500 | D | — | Jan 29, 2025 | CLASS A COMMON STOCK | 2,500 | 57,000 | 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 5,000 shares of Class A Stock.
- F2Represents the sale of shares of Class A Stock of the Issuer that were obtained in a cashless exercise of Reporting Person's option to purchase 5,000 shares of Class A Stock.
- F3Represents shares of Class A of the Issuer that were obtained upon the Reporting Person's cashless exercise of the option to purchase 2,500 shares of Class A Stock.
- F4Represents the sale of shares of Class A Stock of the Issuer that were obtained in a cashless exercise of Reporting Person's option to purchase 2,500 shares of Class A Stock.
- F5An 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, 21,200 options vested on January 29, 2017, 21,200 options vested on January 29, 2018, 21,200 options vested on January 29, 2019, and 21,200 options vest on January 29, 2020, subject to the Reporting Person's continued service with the Issuer.