North Christopher 4
4 · SHUTTERFLY INC · Filed Jun 4, 2018
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
North Christopher
President & CEO
Transactions
- Exercise/Conversion
Common Stock
2018-05-31+50,000→ 62,394 total - Sale
Common Stock
2018-06-04$95.07/sh−9,955$946,454→ 27,327 total - Sale
Common Stock
2018-05-31$94.68/sh−25,112$2,377,489→ 37,282 total - Exercise/Conversion
Restricted Stock Units
2018-05-31−50,000→ 60,000 total→ Common Stock (50,000 underlying)
Footnotes (5)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on May 31, 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 the RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this line 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]Each RSU represents a contingent right to receive one (1) share of Issuer common stock.
- [F5]The RSU vested or will vest as follows: (i) 40,000 shares on May 31, 2017, (ii) 50,000 shares on May 31, 2018, and (iii) 60,000 shares on May 31, 2019, subject to the continued employment of the Reporting Person on each vesting date.