Filing Details

Accession Number:
0001140361-16-054473
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-02-22 21:52:26
Reporting Period:
2016-02-18
Filing Date:
2016-02-22
Accepted Time:
2016-02-22 21:52:26
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
1486008 Dan Mccormick 2800 Bridge Parkway
Redwood City CA 94065
Svp & Chief Operating Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2016-02-19 2,975 $39.91 59,958 No 4 S Direct
Common Stock Acquisiton 2016-02-18 5,625 $0.00 65,583 No 4 M Direct
Common Stock Disposition 2016-02-19 2,975 $39.91 62,608 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance-Based Restricted Stock Units Disposition 2016-02-18 5,625 $0.00 5,625 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
11,250 No 4 M Direct
Footnotes
  1. Represents shares sold to cover taxes due upon vesting and settlement of the restricted stock unit award granted effective on February 15, 2014 under the Issuer's 2006 Equity Incentive Plan (the "Plan").
  2. Reflects shares vested in connection with the second annual installment of the performance-based restricted stock unit award granted effective on February 15, 2014 (the "PBRSU") under the Plan.
  3. Represents shares sold to cover taxes due upon vesting and settlement of the PBRSU.
  4. Each of these PBRSUs represents a contingent right to receive one (1) share of Issuer common stock under the Plan. This award vests in 4 equal annual installments beginning February 15, 2014. The first annual installment became vested on February 18, 2015 upon achievement of the applicable performance objectives. The remainder vests in 3 equal annual installments thereafter, subject to the Reporting Person's continuous service through each such vesting date. The shares reported herein represent shares that vested in connection with the second annual installment.
  5. Represents the remainder of the PBRSUs that will vest in the third and fourth equal annual installments.