SHUTTERFLY INC 4
4 · SHUTTERFLY INC · Filed Jun 2, 2016
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
North Christopher
President & CEO
Transactions
- Award
Employee Stock Option (right to buy)
2016-05-31+850,000→ 850,000 totalExercise: $48.30Exp: 2023-05-31→ Common Stock (850,000 underlying) - Award
Restricted Stock Units
2016-05-31+150,000→ 150,000 total→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]25% of the total shares subject to the Option will vest on May 31, 2017, and 1/48th of the total shares will vest monthly over the following 36 months, subject to the continued employment of the Reporting Person on each vesting date.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of Issuer common stock under the Notice of Inducement Restricted Stock Unit Award and Inducement Award Agreement (Restricted Stock Units).
- [F3]The RSU will vest as follows: (i) 40,000 shares on May 31, 2017, (ii) 50,000 shares on May 31, 2018, and (iii) 60,000 shares on May 31, 2019, subject to the continued employment of the Reporting Person on each vesting date.