Filing Details
- Accession Number:
- 0001140361-18-031224
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-07-03 14:55:20
- Reporting Period:
- 2018-06-30
- Accepted Time:
- 2018-07-03 14:55:20
- 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 |
|---|---|---|---|---|---|---|---|
| 1268849 | Scott Arnold | C/O Shutterfly, Inc. 2800 Bridge Parkway Redwood City CA 94065 | Svp, Enterprise | 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 | 2018-06-30 | 12,543 | $0.00 | 12,543 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-07-02 | 4,786 | $89.25 | 7,757 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-07-02 | 18 | $89.83 | 7,739 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-07-02 | 39,474 | $47.50 | 47,213 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-07-02 | 34,844 | $89.53 | 12,369 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-07-02 | 4,630 | $90.16 | 7,739 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-07-03 | 6,406 | $90.04 | 1,333 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-07-03 | 1,333 | $90.63 | 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 | 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 | 2018-06-30 | 12,543 | $0.00 | 12,543 | $0.00 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2018-07-02 | 39,474 | $0.00 | 39,474 | $47.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 37,627 | No | 4 | M | Direct | ||
| 118,420 | 2024-06-30 | No | 4 | M | Direct |
Footnotes
- Vesting of restricted stock units ("RSUs") granted to the Reporting Person on June 30, 2017.
- 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.
- This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $89.00 to $89.98 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.
- Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $90.00 to $90.46 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.
- Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $89.50 to $90.49 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.
- Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $90.51 to $90.77 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.
- Each of these RSUs represents a contingent right to receive one (1) share of Issuer common stock upon settlement for no consideration.
- 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 30, 2018.
- The stock option vests and becomes exercisable as to 1/4th of the shares subject to the option on June 30, 2018, and thereafter vests as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
Billionaire Hedge Funds
