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Filing Details

Accession Number:: 0001140361-18-031224
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-07-03 14:55:20
Reporting Period:: 2018-06-30

Accepted Time:: 2018-07-03 14:55:20
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
1268849	Scott Arnold	C/O Shutterfly, Inc. 2800 Bridge Parkway Redwood City CA 94065	Svp, Enterprise	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	2018-06-30	12,543	$0.00	12,543	No	4	M	Direct
Common Stock	Disposition	2018-07-02	4,786	$89.25	7,757	No	4	S	Direct
Common Stock	Disposition	2018-07-02	18	$89.83	7,739	No	4	S	Direct
Common Stock	Acquisiton	2018-07-02	39,474	$47.50	47,213	No	4	M	Direct
Common Stock	Disposition	2018-07-02	34,844	$89.53	12,369	No	4	S	Direct
Common Stock	Disposition	2018-07-02	4,630	$90.16	7,739	No	4	S	Direct
Common Stock	Disposition	2018-07-03	6,406	$90.04	1,333	No	4	S	Direct
Common Stock	Disposition	2018-07-03	1,333	$90.63	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	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	2018-06-30	12,543	$0.00	12,543	$0.00
Common Stock	Employee Stock Option (right to buy)	Disposition	2018-07-02	39,474	$0.00	39,474	$47.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
37,627			No	4	M	Direct
118,420		2024-06-30	No	4	M	Direct

Footnotes

Vesting of restricted stock units ("RSUs") granted to the Reporting Person on June 30, 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 line for any reason other than to cover required taxes.
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 $89.00 to $89.98 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 $90.00 to $90.46 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 $89.50 to $90.49 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 $90.51 to $90.77 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.
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 vesting on June 30, 2018.
The stock option vests and becomes exercisable as to 1/4th of the shares subject to the option on June 30, 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.