Hintz Dennis Gregory 4
4 · SHUTTERFLY INC · Filed Jul 17, 2019
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
Hintz Dennis Gregory
SVP, Corporate Development
Transactions
- Sale
Common Stock
2019-07-16$50.54/sh−1,047$52,915→ 3,404 total - Exercise/Conversion
Common Stock
2019-07-15+3,010→ 4,451 total - Exercise/Conversion
Restricted Stock Units
2019-07-15−3,010→ 6,020 total→ Common Stock (3,010 underlying)
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on July 17, 2017.
- [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]Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock upon settlement for no consideration.
- [F4]The restricted stock units (the "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 July 15, 2018. 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) the 10th anniversary of the grant date.