Filing Details
- Accession Number:
- 0001140361-17-008029
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-02-16 21:57:53
- Reporting Period:
- 2017-02-14
- Filing Date:
- 2017-02-16
- Accepted Time:
- 2017-02-16 21:57:53
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1125920 | Shutterfly Inc | SFLY | Services-Photofinishing Laboratories (7384) | 943330068 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1622485 | Satish Menon | C/O Shutterfly, Inc. 2800 Bridge Parkway CA 94065 | Svp, Chief Technology Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-02-15 | 6,214 | $0.00 | 56,214 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-02-15 | 6,214 | $0.00 | 62,428 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-02-16 | 4,812 | $47.35 | 57,616 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2017-02-14 | 19,000 | $0.00 | 19,000 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2017-02-14 | 10,000 | $0.00 | 10,000 | $0.00 |
| Common Stock | Employee Stock Option (right to buy) | Acquisiton | 2017-02-14 | 63,687 | $0.00 | 63,687 | $44.75 |
| Common Stock | Restricted Stock Units | Acquisiton | 2017-02-14 | 24,856 | $0.00 | 24,856 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2017-02-15 | 6,214 | $0.00 | 6,214 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2017-02-15 | 6,214 | $0.00 | 6,214 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 19,000 | No | 4 | A | Direct | ||
| 10,000 | No | 4 | A | Direct | ||
| 63,687 | 2024-02-13 | No | 4 | A | Direct | |
| 24,856 | No | 4 | A | Direct | ||
| 18,642 | No | 4 | M | Direct | ||
| 18,642 | No | 4 | M | Direct |
Footnotes
- Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 10, 2016.
- Vesting of RSUs that were earned by the Reporting Person on February 14, 2017.
- 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 Form 4 for any reason other than to cover required taxes.
- Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock under the Issuer's 2015 Equity Incentive Plan.
- 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 to vest on February 14, 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.
- 100% of the RSUs will vest on February 14, 2019, subject to the Reporting Person's continuous service to the Issuer through such vesting date. 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.
- The stock option vests and becomes exercisable as to 1/4th of the shares subject to the option on February 14, 2018, and thereafter vests as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
- These RSUs represent performance-based RSUs previously awarded to the Reporting Person that were earned upon the satisfaction of certain performance criteria on February 14, 2017.
- These RSUs vest in 4 equal annual installments, subject to the Reporting Person's continuous service to the Issuer through each such vesting date. The first installment vested on February 15, 2017. 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.
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