Filing Details

Accession Number:
0001140361-18-029194
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-06-19 18:15:05
Reporting Period:
2018-06-15
Accepted Time:
2018-06-19 18:15:05
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
1703928 Jason Sebring C/O Shutterfly, Inc.
2800 Bridge Parkway
Redwood City CA 94065
Vp, General Counsel 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 Acquisiton 2018-06-15 3,125 $0.00 3,125 No 4 M Direct
Common Stock Disposition 2018-06-18 1,087 $93.48 2,038 No 4 S Direct
Common Stock Disposition 2018-06-18 4 $93.62 2,034 No 4 S Direct
Common Stock Disposition 2018-06-19 700 $93.53 1,334 No 4 S Direct
Common Stock Disposition 2018-06-19 1,334 $94.43 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2018-06-15 3,125 $0.00 3,125 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,250 No 4 M Direct
Footnotes
  1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on June 15, 2016.
  2. Represents the aggregate number of shares of the Issuer's common stock sold by the Reporting Person to cover taxes due upon the release and settlement of the RSU's. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this line for any reason other than to cover required taxes.
  3. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
  4. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $93.17 to $94.04 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
  5. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $94.19 to $94.74 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
  6. Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock upon settlement for no consideration.
  7. The RSUs vest in 4 equal annual installments, subject to the Reporting Person's continuous service to the Issuer through each such vesting date, with the first installment vesting on June 15, 2017. Vested shares shall be settled within 30 days of the vesting date as set forth in the RSU Award Agreement. These RSUs will expire upon the earlier of the date: (i) when all are settled or (ii) when the Reporting Person ceases to provide services to the Issuer.