North Christopher 4
4 · SHUTTERFLY INC · Filed Aug 14, 2018
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
North Christopher
President & CEO
Transactions
- Award
Restricted Stock Units
2018-08-13+15,897→ 15,897 total→ Common Stock (15,897 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of Issuer common stock.
- [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 August 13, 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.