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Filing Details

Accession Number:: 0001140361-17-040336
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-10-31 18:07:19
Reporting Period:: 2017-10-27

Accepted Time:: 2017-10-31 18:07:19
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
1229672	W Michael Pope	C/O Shutterfly, Inc. 2800 Bridge Parkway Redwood City CA 94065	Svp & Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2017-10-27	17,500	$0.00	17,500	No	4	M	Direct
Common Stock	Acquisiton	2017-10-27	17,500	$0.00	35,000	No	4	M	Direct
Common Stock	Disposition	2017-10-30	15,147	$41.50	19,853	No	4	S	Direct
Common Stock	Disposition	2017-10-31	19,853	$42.53	0	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2017-10-27	17,500	$0.00	17,500	$0.00
Common Stock	Common Stock	Disposition	2017-10-27	17,500	$0.00	17,500	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
35,000			No	4	M	Direct
35,000			No	4	M	Direct

Footnotes

Vesting of restricted stock units ("RSUs") granted to the Reporting Person on October 27, 2015.
Vesting of performance-based RSUs granted to the Reporting Person on October 27, 2015.
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.
Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $41.50 to $41.5231 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.
This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $41.96 to $42.89 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.
Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock upon settlement for no consideration.
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 October 27, 2016 and the second installment vested on October 27, 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.
These RSUs vest in 4 equal annual installments, subject to achievement of the applicable performance objectives. The first installment vested on October 27, 2016 and the second installment vested on October 27, 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.