Shake Shack Inc. 4
4 · Shake Shack Inc. · Filed Aug 20, 2015
Insider Transaction Report
Form 4
Shake Shack Inc.SHAK
McQuinn Michael C
10% Owner
Transactions
- Conversion
CLASS A COMMON STOCK
2015-08-18+4,578→ 4,878 total(indirect: By Trust) - Conversion
CLASS A COMMON STOCK
2015-08-18+11,445→ 11,745 total(indirect: By Trust) - Conversion
Common Membership Interests
2015-08-18−11,445→ 73,439 total(indirect: By Trust)→ CLASS A COMMON STOCK (11,445 underlying) - Sale
CLASS A COMMON STOCK
2015-08-18$57.75/sh−4,578$264,380→ 300 total(indirect: By Trust) - Sale
CLASS A COMMON STOCK
2015-08-18$57.75/sh−11,445$660,949→ 300 total(indirect: By Trust) - Other
CLASS B COMMON STOCK
2015-08-18−11,445→ 73,439 total(indirect: By Trust) - Other
CLASS B COMMON STOCK
2015-08-18−4,578→ 29,376 total(indirect: By Trust) - Conversion
Common Membership Interests
2015-08-18−4,578→ 29,376 total(indirect: By Trust)→ CLASS A COMMON STOCK (4,578 underlying)
Footnotes (5)
- [F1]Shares obtained upon redemption of commom 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 the RHF-TM 1999 Descendants Trust, of which Michael C. McQuinn is a trustee and Jack R. Polsky is a co-trustee. The shares and LLC Interests reported herein are also reported on a Form 4 filed by Jack R. Polsky on August 20, 2015. Michael C. McQuinn disclaims beneficial ownership over such shares and LLC Interests, as applicable, except to the extent of his pecuniary interest therein.
- [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]Held directly by the RHF-NM 1999 Descendants Trust, of which Michael C. McQuinn is a trustee and Jack R. Polsky is a co-trustee. The shares and LLC Interests reported herein are also reported on a Form 4 filed by Jack R. Polsky on August 20, 2015. Michael C. McQuinn disclaims beneficial ownership over such shares and LLC Interests, as applicable, except to the extent of his pecuniary interest therein.
- [F5]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.