Day Neil 4
4 · SHUTTERFLY INC · Filed Feb 17, 2012
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
Day Neil
SVP, Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2012-02-15+5,950→ 60,869 total - Exercise/Conversion
Common Stock
2012-02-16+8,400→ 66,889 total - Exercise/Conversion
Restricted Stock Units
2012-02-16−8,400→ 8,400 total→ Common Stock (8,400 underlying) - Exercise/Conversion
Restricted Stock Units
2012-02-16−3,600→ 3,600 total→ Common Stock (3,600 underlying) - Tax Payment
Common Stock
2012-02-15$27.18/sh−2,380$64,679→ 58,489 total - Tax Payment
Common Stock
2012-02-16$27.25/sh−3,124$85,113→ 63,765 total - Tax Payment
Common Stock
2012-02-16$27.25/sh−1,339$36,481→ 66,026 total - Exercise/Conversion
Restricted Stock Units
2012-02-15−5,950→ 17,850 total→ Common Stock (5,950 underlying) - Exercise/Conversion
Common Stock
2012-02-16+3,600→ 67,365 total - Award
Restricted Stock Units
2012-02-15+28,000→ 28,000 total→ Common Stock (28,000 underlying)
Footnotes (8)
- [F1]Vesting of restricted stock units granted to the Reporting Person on February 15, 2011.
- [F2]Vesting of restricted stock units granted to the Reporting Person on February 16, 2010.
- [F3]Vesting of restricted stock units granted to the Reporting Person on February 7, 2011.
- [F4]Exempt transaction pursuant to Section 16b-3(e) payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person in exchange for the Issuers agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F5]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F6]The restricted stock units vest in four equal annual installments beginning February 15, 2012.
- [F7]The restricted stock units vest in three equal annual installments beginning February 16, 2011.
- [F8]The restricted stock units vest in three equal annual installments beginning February 15, 2013.