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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1620533	Shake Shack Inc.	SHAK	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
846623	J Laura Sloate	35 East 75Th Street New York NY 10021		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2016-11-09	5,000	$36.31	12,500	No	4	S	Direct
Class A Common Stock	Disposition	2016-11-10	2,500	$36.76	10,000	No	4	S	Direct
Class A Common Stock	Disposition	2016-11-10	2,500	$37.25	7,500	No	4	S	Direct
Class A Common Stock	Disposition	2016-11-14	2,500	$38.25	5,000	No	4	S	Direct
Class A Common Stock	Disposition	2016-11-14	2,500	$39.00	2,500	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class B Common Stock	225,074	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Common Membership Interests	$0.00			225,074	225,074	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	225,074	225,074	Direct

Footnotes

Upon the reclassification of the Reporting Person's LLC Interests in connection with the Issuer's IPO in February 2015, the Reporting Person was issued one share of Class B Common Stock for each LLC Interest. One share of Class B Common Stock must be surrendered and canceled upon conversion or redemption of each LLC Interest for Class A Common Stock, as described in fn. 2.
In connection with the Issuer's IPO, the Reporting Person's membership interests in SSE Holdings, LLC (the "LLC Interests") became convertible into an equal number of shares of Class A Common Stock on a one-for-one basis, or at the election of the issuer, redeemable for cash equal to the volume-weighted average market price of such Class A shares. Surrender of one share of Class B Common Stock is required for each LLC Interest redeemed, as described in fn. 1.
The LLC Interests may be converted or redeemed at any time and have no expiration date.