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Filing Details

Accession Number:: 0001209191-20-003560
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-01-15 20:12:41
Reporting Period:: 2020-01-13

Accepted Time:: 2020-01-15 20:12:41
SEC Url:: Form 4 Filing

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
1175522	D Jonathan Sokoloff	11111 Santa Monica Boulevard Suite 2000 Los Angeles CA 90025		Yes	No	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	Explanation
Class A Common Stock	Disposition	2020-01-13	316,861	$60.25	796,833	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-01-13	20,996	$60.69	775,837	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-01-14	67,573	$59.78	708,264	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-01-14	53,318	$60.46	654,946	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-01-14	100,846	$62.01	554,100	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-01-14	112,804	$62.47	441,296	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-01-14	57,391	$63.68	383,905	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2020-01-14	54,510	$64.37	329,395	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,411	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Employee Stock Option (right to buy)	$34.62	2017-05-19	2026-05-19	2,003	2,003	Direct
Class A Common Stock	Employee Stock Option (right to buy)	$21.00	2016-01-29	2025-01-29	8,251	8,251	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-05-19	2,003	2,003	Direct
2025-01-29	8,251	8,251	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Green Equity Investors VI, L.P. ("GEI VI"), Green Equity Investors Side VI, L.P. ("GEI Side VI"), and LGP Malted Coinvest LLC ("Malted").
Represents shares of Class A common stock, par value $0.001 per share ("A-Common") sold by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common sold, 189,849 were sold by GEI VI, 113,156 were sold by GEI Side VI, and 13,856 were sold by Malted. GEI VI's, GEI Side VI's, and Malted's A-Common, together with GEI VI's and Malted's B-Common and LLC Interests, are collectively referred to herein as the "Equity Interests."
This transaction was executed in multiple trades at prices ranging from $59.57 to $60.5699. The price reported reflects the weighted average sale price. Mr. Sokoloff hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the trades were effected.
Represents shares owned by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common reported, 477,424 are owned by GEI VI, 284,563 are owned by GEI Side VI, and 34,846 are owned by Malted.
Mr. Sokoloff directly (whether through ownership or position), or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the shares owned by GEI VI, GEI Side VI, and Malted. Mr. Sokoloff disclaims beneficial ownership of the shares owned by each of GEI VI, GEI Side VI, and Malted, except to the extent of his pecuniary interest in GEI VI and GEI Side VI, and this report shall not otherwise be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Represents shares of A-Common sold by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common sold, 12,580 were sold by GEI VI, 7,498 were sold by GEI Side VI, and 918 were sold by Malted.
This transaction was executed in multiple trades at prices ranging from $60.57 to $61.07. The price reported reflects the weighted average sale price. Mr. Sokoloff hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the trades were effected.
Represents shares owned by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common reported, 464,844 are owned by GEI VI, 277,065 are owned by GEI Side VI, and 33,928 are owned by Malted.
Represents shares of A-Common sold by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common sold, 40,487 were sold by GEI VI, 24,131 were sold by GEI Side VI, and 2,955 were sold by Malted.
This transaction was executed in multiple trades at prices ranging from $59.19 to $60.1899. The price reported reflects the weighted average sale price. Mr. Sokoloff hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the trades were effected.
Represents shares owned by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common reported, 424,357 are owned by GEI VI, 252,934 are owned by GEI Side VI, and 30,973 are owned by Malted.
Represents shares of A-Common sold by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common sold, 31,946 were sold by GEI VI, 19,041 were sold by GEI Side VI, and 2,331 were sold by Malted.
This transaction was executed in multiple trades at prices ranging from $60.19 to $61.1899. The price reported reflects the weighted average sale price. Mr. Sokoloff hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the trades were effected.
Represents shares owned by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common reported, 392,411 are owned by GEI VI, 233,893 are owned by GEI Side VI, and 28,642 are owned by Malted.
Represents shares of A-Common sold by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common sold, 60,422 were sold by GEI VI, 36,014 were sold by GEI Side VI, and 4,410 were sold by Malted.
This transaction was executed in multiple trades at prices ranging from $61.19 to $62.1899. The price reported reflects the weighted average sale price. Mr. Sokoloff hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the trades were effected.
Represents shares owned by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common reported, 331,989 are owned by GEI VI, 197,879 are owned by GEI Side VI, and 24,232 are owned by Malted.
Represents shares of A-Common sold by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common sold, 67,587 were sold by GEI VI, 40,284 were sold by GEI Side VI, and 4,933 were sold by Malted.
This transaction was executed in multiple trades at prices ranging from $62.19 to $63.1899. The price reported reflects the weighted average sale price. Mr. Sokoloff hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the trades were effected.
Represents shares owned by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common reported, 264,402 are owned by GEI VI, 157,595 are owned by GEI Side VI, and 19,299 are owned by Malted.
Represents shares of A-Common sold by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common sold, 34,386 were sold by GEI VI, 20,495 were sold by GEI Side VI, and 2,510 were sold by Malted.
This transaction was executed in multiple trades at prices ranging from $63.19 to $64.1899. The price reported reflects the weighted average sale price. Mr. Sokoloff hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the trades were effected.
Represents shares owned by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common reported, 230,016 are owned by GEI VI, 137,100 are owned by GEI Side VI, and 16,789 are owned by Malted.
Represents shares of A-Common sold by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common sold, 32,659 were sold by GEI VI, 19,467were sold by GEI Side VI, and 2,384 were sold by Malted.
This transaction was executed in multiple trades at prices ranging from $64.19 to $64.61. The price reported reflects the weighted average sale price. Mr. Sokoloff hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the trades were effected.
Represents shares owned by GEI VI, GEI Side VI, and Malted. Of the shares of A-Common reported, 197,357 are owned by GEI VI, 117,633 are owned by GEI Side VI, and 14,405 are owned by Malted.
Represents shares of A-Common of the Issuer underlying restricted stock units awarded to the reporting person pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy on June 11, 2019, June 12, 2018 and June 12, 2017. The restricted stock units represent the right to receive shares of A-Common, subject to the reporting person's continued service with the Issuer. Of the 1,411 shares of A-Common reported, 1,032 are fully vested and 379 will vest on June 11, 2020.
These options are fully vested.
The options reported on this row were granted in respect of Mr. Sokoloff's service on the Issuer's board of directors and are held by Mr. Sokoloff for the benefit of Leonard Green & Partners, L.P. These options are fully vested.