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Filing Details

Accession Number:: 0001140361-18-009502
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-02-21 21:55:43
Reporting Period:: 2018-02-16

Accepted Time:: 2018-02-21 21:55:43
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
1390791	A Dwayne Black	C/O Shutterfly, Inc. 2800 Bridge Parkway Redwood City CA 94065	Svp, Operations	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	Disposition	2018-02-16	4,368	$73.82	41,664	No	4	S	Direct
Common Stock	Acquisiton	2018-02-17	7,750	$0.00	49,414	No	4	M	Direct
Common Stock	Acquisiton	2018-02-18	3,625	$0.00	53,039	No	4	M	Direct
Common Stock	Disposition	2018-02-20	10,686	$75.40	42,353	No	4	S	Direct
Common Stock	Disposition	2018-02-20	7,760	$75.30	34,593	No	4	S	Direct
Common Stock	Disposition	2018-02-20	300	$75.83	34,293	No	4	S	Direct
Common Stock	Disposition	2018-02-21	6,551	$75.95	27,742	No	4	S	Direct
Common Stock	Disposition	2018-02-21	5,513	$76.53	22,229	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	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	2018-02-17	7,750	$0.00	7,750	$0.00
Common Stock	Restricted Stock Units	Disposition	2018-02-18	3,625	$0.00	3,625	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,750			No	4	M	Direct
0			No	4	M	Direct

Footnotes

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 restricted stock units ("RSUs"). 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 $73.82 to $74.219 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.
The Form 4 filed by the Reporting Person with the U.S. Securities and Exchange Commission on February 18, 2016 inadvertently excluded the acquisition of 7,500 shares pursuant to the vesting of a performance based restricted stock unit award. The number of shares reported in this box is the corrected number held by the Reporting Person following the transaction reported on this line of this Form 4.
Vesting of RSUs that were earned by the Reporting Person on February 16, 2016.
Vesting of RSUs that were earned by the Reporting Person on February 18, 2015.
This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $74.76 to $75.74 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.
Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.78 to $75.92 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.
Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $75.30 to $76.26 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.
Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $76.30 to $76.81 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 under the Issuer's 2015 Equity Incentive Plan.
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 17, 2016. 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 the Reporting Person's continuous service to the Issuer through each such vesting date. The first installment vested on February 18, 2015. 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.