4//SEC Filing
SHUTTERFLY INC 4
Accession 0001140361-17-023680
CIK 0001125920operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 7:34 PM ET
Size
11.3 KB
Accession
0001140361-17-023680
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
North Christopher
President & CEO
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-05-31−40,000→ 110,000 total→ Common Stock (40,000 underlying) - Exercise/Conversion
Common Stock
2017-05-31+40,000→ 40,000 total - Sale
Common Stock
2017-06-02$50.85/sh−8,263$420,169→ 12,394 total - Sale
Common Stock
2017-06-01$49.15/sh−19,343$950,724→ 20,657 total
Footnotes (7)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on May 31, 2016.
- [F2]Represents shares sold to cover taxes due upon vesting and settlement of the RSU.
- [F3]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $49.15 to $49.5654 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- [F4]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 25, 2016.
- [F5]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $50.65 to 51.06 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- [F6]Each RSU represents a contingent right to receive one (1) share of Issuer common stock.
- [F7]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.
Documents
Issuer
SHUTTERFLY INC
CIK 0001125920
Entity typeoperating
Related Parties
1- filerCIK 0001125920
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 7:34 PM ET
- Size
- 11.3 KB