4//SEC Filing
ARNOLD SCOTT 4
Accession 0001567619-19-014324
CIK 0001125920other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 5:59 PM ET
Size
11.3 KB
Accession
0001567619-19-014324
Insider Transaction Report
Form 4
SHUTTERFLY INCSFLY
ARNOLD SCOTT
Sr. Vice President, Enterprise
Transactions
- Sale
Common Stock
2019-07-02$50.51/sh−8,181$413,224→ 0 total - Exercise/Conversion
Restricted Stock Units
2019-06-30−12,543→ 25,084 total→ Common Stock (12,543 underlying) - Exercise/Conversion
Common Stock
2019-06-30+12,543→ 12,543 total - Sale
Common Stock
2019-07-01$50.74/sh−4,362$221,328→ 8,181 total
Footnotes (6)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on June 30, 2017.
- [F2]Represents the aggregate number of shares of the Issuer's common stock sold by the Reporting Person to cover taxes due upon the release and settlement of the RSU's. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this line for any reason other than to cover required taxes.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [F4]Represents the weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $50.49 to $50.55 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 set forth in this footnote.
- [F5]Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock upon settlement for no consideration.
- [F6]The RSUs vest in 4 equal annual installments, subject to the Reporting Person's continuous service to the Issuer through each such vesting date, with the first installment vesting on June 30, 2018. Vested shares shall be settled within 30 days of the vesting date as set forth in the RSU Award Agreement. These RSUs will expire upon the earlier of the date: (i) when all are settled or (ii) when the Reporting Person ceases to provide services to the Issuer.
Documents
Issuer
SHUTTERFLY INC
CIK 0001125920
Entity typeother
Related Parties
1- filerCIK 0001268849
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 5:59 PM ET
- Size
- 11.3 KB