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Filing Details

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
1622485	Satish Menon	C/O Shutterfly, Inc. 2800 Bridge Parkway CA 94065	Svp, Chief Technology 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
Common Stock	Acquisiton	2015-11-17	50,000	$0.00	100,000	No	4	A	Direct
Common Stock	Disposition	2015-11-17	5,546	$44.43	94,454	No	4	S	Direct
Common Stock	Disposition	2015-11-17	4,746	$44.43	89,708	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	S	Direct
No	4	S	Direct

Footnotes

As the result of an administrative error, the acquisition of these restricted stock units ("RSUs") was omitted from the Form 4 previously filed with the Securities and Exchange Commission on November 19, 2015.
As the result of an administrative error, the Form 4 previously filed with the Securities and Exchange Commission on November 19, 2015 erroneously reported these dispositions as a withholding of shares by the Issuer to cover taxes due upon the acquisition of the RSU's in accordance with Rule 16b-3. The shares were sold by the Issuer to cover the Reporting Person's tax liability, and this Form 4 corrects the transaction code accordingly. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
As a result of the administrative error noted in footnote (1) above, the Form 4 previously filed with the Securities and Exchange Commission on November 19, 2015 incorrectly reported the amounts of securities beneficially owned by the Reporting Person following each reported transaction. Those amounts are corrected on this Form 4.