Shake Shack Inc. (SHAK): Select Equity Group Cuts Stake By 23%

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Page 10 of 15 – SEC Filing
CUSIP No. 819047 101
Schedule 13D
Page 10 of 15 Pages
This Amendment No. 9 to Schedule 13D (this “Amendment No. 8”) is being filed with respect to the A-Common of the Issuer to amend the Schedule 13D filed on February 17, 2015, as previously amended by Amendment No. 1 to Schedule 13D filed on August 20, 2015, Amendment No. 2 to Schedule 13D filed on November 13, 2015, Amendment No. 3 to Schedule 13D filed on November 16, 2015, Amendment No. 4 to Schedule 13D filed on March 14, 2016, Amendment No. 5 to Schedule 13D filed on March 24, 2016, Amendment No. 6 to Schedule 13D filed on May 27, 2016, Amendment No. 7 to Schedule 13D filed on June 14, 2016 and Amendment No. 8 to Schedule 13D filed on August 17, 2016 (as amended by this Amendment No. 9, the “Schedule 13D”).  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D.
ITEM 5.  INTEREST IN SECURITIES OF THE COMPANY.
Items 5(a) and 5(b) of the Schedule 13D are amended to reflect the following:
As of the date of this Amendment No. 9, (i) SEG is the record owner of 49,127 shares of B-Common and LLC Interests, (ii) SEG II is the record owner of 191,658 shares of B-Common and LLC Interests and (iii) Evan C. Guillemin is the record owner of the Guillemin Options.  Each of the Reporting Persons and, collectively, the other directors and officers of SEG Offshore beneficially owns the number of shares of A-Common, on an as-converted basis, as set forth below.  The percentage of A-Common beneficially owned by each such Reporting Person and such other directors and officers is based on 36,329,750 shares of Common Stock outstanding on an as-converted basis as of August 3, 2016, as reported in the Issuer’s Form 10-Q for the quarter ended June 29, 2016.



Reporting
Persons
Number of
Shares With
Sole Voting and
Dispositive
Power
Number* of
Shares With
Shared Voting
and Dispositive
Power
Aggregate
Number* of
Shares
Beneficially
Owned

Percentage
of Class
Beneficially
Owned
Select Equity
0
1,238,767
1,238,767
3.4%
SEG
0
112,931
112,931
0.3%
SEG Holdings
0
112,931
112,931
0.3%
SEG II
0
436,879
436,879
1.2%
SEG II Holdings
0
436,879
436,879
1.2%
SEG Offshore
0
688,957
688,957
1.9%

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