Meek Michael 4
4 · SHUTTERFLY INC · Filed Apr 18, 2018
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
Meek Michael
President & CEO, Lifetouch
Transactions
- Award
Restricted Stock Units
2018-04-16+12,324→ 12,324 total→ Common Stock (12,324 underlying)
Footnotes (2)
- [F1]Each of these restricted stock units (the "RSUs") represents a contingent right to receive one (1) share of Issuer common stock under the Issuer's 2015 Equity Incentive Plan 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 April 16, 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.