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

Page 12 of 15 – SEC Filing

CUSIP No. 819047 101

Schedule 13D

Page 12 of 15 Pages

SEG II	8/17/2016	515	$36.36
SEG	8/18/2016	3,620	$35.89
SEG Offshore	8/18/2016	21,965	$35.89
SEG II	8/18/2016	13,975	$35.89
SEG	8/22/2016	2,505	$35.68
SEG Offshore	8/22/2016	15,060	$35.68
SEG II	8/22/2016	9,565	$35.68
SEG	8/23/2016	3,125	$36.01
SEG Offshore	8/23/2016	18,775	$36.01
SEG II	8/23/2016	11,930	$36.01
SEG	8/24/2016	2,714	$36.52
SEG Offshore	8/24/2016	16,309	$36.52
SEG II	8/24/2016	10,360	$36.52
SEG	8/25/2016	2,445	$36.07
SEG Offshore	8/25/2016	14,705	$36.07
SEG II	8/25/2016	9,340	$36.07
SEG	8/26/2016	2,450	$35.37
SEG Offshore	8/26/2016	14,700	$35.37
SEG II	8/26/2016	9,340	$35.37
SEG	8/29/2016	2,554	$35.23
SEG Offshore	8/29/2016	15,350	$35.23
SEG II	8/29/2016	9,755	$35.23