Anderson Michele 4
4 · SHUTTERFLY INC · Filed Aug 28, 2018
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
Anderson Michele
SVP, Retail
Transactions
- Exercise/Conversion
Common Stock
2018-08-27$45.68/sh+9,030$412,490→ 9,030 total - Sale
Common Stock
2018-08-27$76.24/sh−4,474$341,091→ 0 total - Exercise/Conversion
Employee Stock Option (right to buy)
2018-08-27−9,030→ 90,302 totalExercise: $45.68Exp: 2024-02-26→ Common Stock (9,030 underlying) - Sale
Common Stock
2018-08-27$75.66/sh−4,556$344,707→ 4,474 total
Footnotes (4)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [F2]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $74.97 to $75.94 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.
- [F3]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.98 to $76.64 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.
- [F4]The stock option vested and became exercisable as to 1/4th of the shares subject to the option on February 27, 2018, 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.