Shake Shack Inc. 4
4 · Shake Shack Inc. · Filed Aug 20, 2015
Insider Transaction Report
Form 4
Shake Shack Inc.SHAK
DEVINSKY ORRIN
10% Owner
Transactions
- Conversion
Common Membership Interests
2015-08-18−6,817→ 43,744 total→ CLASS A COMMON STOCK (6,817 underlying) - Conversion
CLASS A COMMON STOCK
2015-08-18+6,817→ 6,817 total - Other
CLASS B COMMON STOCK
2015-08-18−6,817→ 43,744 total - Sale
CLASS A COMMON STOCK
2015-08-18$57.75/sh−6,817$393,682→ 0 total
Footnotes (3)
- [F1]Shares obtained upon redemption of common membership interests in SSE Holdings, LLC (the "LLC Interests") for an equal number of shares of the Issuer's Class A Common Stock.
- [F2]Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock are cancelled for no consideration on a one-for-one basis upon redemption of the LLC Interests for shares of Class A Common Stock.
- [F3]The LLC Interests are redeemable for an equal number of shares of the Issuer's Class A Common Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.