Shutterfly Inc (SFLY) Stock: Park West Nearly Doubles Its Stake

Page 4 of 9 – SEC Filing
Item 1(a).  Name Of Issuer: Shutterfly, Inc. (the “Company”)
Item 1(b).  Address of Issuer’s Principal Executive Offices.
2800 Bridge Parkway
Redwood City, California 94065
Item 2(a).  Name of Person Filing.
This report on Schedule 13G (this “Schedule 13G”), is being jointly filed by (i) Park West Asset Management LLC (“PWAM”), a Delaware limited liability company and the investment manager to (a) Park West Investors Master Fund, Limited (“PWIMF”), a Cayman Islands exempted company that is the holder of 1,503,571 shares of common stock, $0.0001 par value per share, (“Common Stock”) of the Company reported on this Schedule 13G, and (b) Park West Partners International, Limited (“PWPI” and, collectively with PWIMF, the “PW Funds”), a Cayman Islands exempted company that is the holder of 201,822 shares of Common Stock of the Company reported on this Schedule 13G; and (ii) Peter S. Park, as the sole member and manager of PWAM (“Mr. Park” and, collectively with PWAM, the “Reporting Persons”).
The 1,705,393 shares of Common Stock of the Company held in the aggregate by the PW Funds, which constitute 5.0% of the shares of Common Stock of the Company deemed to be issued and outstanding as of October 14, 2016, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.
Item 2(b).  Address of Principal Business Office or, if None, Residence.
The address for the Reporting Persons is:  900 Larkspur Landing Circle, Suite 165, Larkspur, California 94939.
Item 2(c).  Citizenship.
PWAM is organized under the laws of the State of Delaware.  Mr. Park is a citizen of the United States.
Item 2(d).  Title of Class of Securities.
Common Stock, $0.0001 par value per share.
Item 2(e).  CUSIP No.
82568P304
Item 3.  If This Statement Is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.

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