Shake Shack Inc. 4
4 · Shake Shack Inc. · Filed Aug 20, 2015
Insider Transaction Report
Form 4
Shake Shack Inc.SHAK
GARUTTI MARIA L
10% Owner
Transactions
- Other
CLASS B COMMON STOCK
2015-08-18−140,728→ 847,051 total(indirect: By Spouse) - Conversion
CLASS A COMMON STOCK
2015-08-18+140,728→ 143,828 total(indirect: By Spouse) - Conversion
Common Membership Interests
2015-08-18−140,728→ 847,051 total(indirect: By Spouse)→ CLASS A COMMON STOCK (140,728 underlying) - Sale
CLASS A COMMON STOCK
2015-08-18$57.75/sh−140,728$8,127,042→ 3,100 total(indirect: By Spouse)
Footnotes (4)
- [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]Held directly by Randall J. Garutti, the spouse of Maria L. Garutti. For more information, see the Form 4 filed by Randall J. Garutti on August 20, 2015.
- [F3]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.
- [F4]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.