North Christopher 4
4 · SHUTTERFLY INC · Filed Feb 2, 2018
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
North Christopher
President & CEO
Transactions
- Sale
Common Stock
2018-02-01$70.13/sh−85,000$5,961,152→ 12,394 total - Sale
Common Stock
2018-01-31$65.34/sh−78,000$5,096,341→ 19,394 total - Exercise/Conversion
Common Stock
2018-01-31$48.30/sh+85,000$4,105,500→ 97,394 total - Sale
Common Stock
2018-01-31$66.03/sh−7,000$462,210→ 12,394 total - Exercise/Conversion
Common Stock
2018-02-01$48.30/sh+85,000$4,105,500→ 97,394 total - Exercise/Conversion
Employee Stock Option (right to buy)
2018-01-31−85,000→ 765,000 totalExercise: $48.30Exp: 2023-05-31→ Common Stock (85,000 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2018-02-01−85,000→ 680,000 totalExercise: $48.30Exp: 2023-05-31→ Common Stock (85,000 underlying)
Footnotes (4)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- [F2]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.98 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- [F3]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.69 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- [F4]25% of the total shares subject to the option vested on May 31, 2017, and 1/48th of the total shares vest monthly over the following 36 months, subject to the continued employment of the Reporting Person on each vesting date.