Anderson Michele 4
4 · SHUTTERFLY INC · Filed Mar 2, 2018
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
Anderson Michele
SVP, Retail
Transactions
- Award
Restricted Stock Units
2018-02-28+7,984→ 7,984 total→ Common Stock (7,984 underlying) - Award
Employee Stock Option (right to buy)
2018-02-28+21,213→ 21,213 totalExercise: $76.73Exp: 2025-02-27→ Common Stock (21,213 underlying)
Footnotes (3)
- [F1]Each of these restricted stock units (the "RSUs") represents a contingent right to receive one (1) share of Issuer common stock upon settlement for no consideration.
- [F2]The RSUs vest in 4 equal annual installments, subject to the Reporting Person's continuous service to the Issuer through each such vesting date, with the first installment to vest on February 28, 2019. Vested shares shall be settled within 30 days of the vesting date as set forth in the RSU Award Agreement. These RSUs will expire upon the earlier of the date: (i) when all are settled or (ii) when the Reporting Person ceases to provide services to the Issuer.
- [F3]The stock option vests and becomes exercisable as to 1/4th of the shares subject to the option on February 28, 2019, and thereafter vests as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.