13D Filing: Select Equity Group and Shake Shack Inc. (SHAK)

The following table reflects all shares sold by the Reporting Persons since the filing of the previous amendment to the Schedule 13D.  The sales were made in market transactions, and the price received excludes commissions.

Reporting Person	Date	Shares Sold	Price
SEG Offshore	5/19/2017	36,022	$37.7124
SEG II	5/19/2017	15,949	$37.7124

Item 5(e) of the Schedule 13D is amended to reflect the following:

(e) As reported in Item 4, due to his resignation from the Board, Mr. Guillemin ceased to be deemed a beneficial owner of more than 5% of the outstanding Common Stock by virtue of no longer being a member of the group described in this statement.