SCHOENDORF NANCY J 4
4 · SHUTTERFLY INC · Filed May 22, 2012
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
SCHOENDORF NANCY J
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2012-05-20−1,511→ 1,511 total→ Common Stock (1,511 underlying) - Exercise/Conversion
Common Stock
2012-05-20+1,511→ 41,789 total
Footnotes (3)
- [F1]Vesting of restricted stock units granted to the Reporting Person on May 15, 2010.
- [F2]Each restricted stock unit represents a contingent right to receive one share of SFLY common stock.
- [F3]The restricted stock units vest in three equal annual installments beginning May 20, 2011.