4//SEC Filing
BORIS JOHN 4
Accession 0001140361-18-014130
CIK 0001125920other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 6:49 PM ET
Size
13.2 KB
Accession
0001140361-18-014130
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
BORIS JOHN
SVP, Chief Marketing Officer
Transactions
- Sale
Common Stock
2018-03-15$84.79/sh−3,116$264,206→ 8,134 total - Sale
Common Stock
2018-03-19$85.51/sh−400$34,204→ 5,000 total - Exercise/Conversion
Common Stock
2018-03-15+6,250→ 11,250 total - Sale
Common Stock
2018-03-19$84.69/sh−2,734$231,532→ 5,400 total - Exercise/Conversion
Restricted Stock Units
2018-03-15−6,250→ 12,500 total→ Common Stock (6,250 underlying)
Footnotes (7)
- [F1]Vesting of restricted stock units ("RSUs") that were granted to the Reporting Person on March 9, 2016.
- [F2]Represents the aggregate number of shares of the Issuer's common stock sold by the Reporting Person to cover taxes due upon the release and settlement of RSUs. 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.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [F4]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $84.30 to $85.27 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.
- [F5]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $85.39 to $85.68 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.
- [F6]Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock under the Issuer's 2015 Equity Incentive Plan.
- [F7]These RSUs vest in 4 equal annual installments, subject to the Reporting Person's continuous service to the Issuer through each such vesting date. The first installment vested on March 15, 2017. 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.
Documents
Issuer
SHUTTERFLY INC
CIK 0001125920
Entity typeother
Related Parties
1- filerCIK 0001548888
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 6:49 PM ET
- Size
- 13.2 KB