Shake Shack Inc. — Director's Dealing 2015

Dec 16, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2015-12-14

Reporting Person: Select Equity Group, L.P. (Director, 10% Owner, See Remarks)
Reporting Person: SEG PARTNERS II L P (Director)
Reporting Person: SEG Partners Offshore Master Fund, Ltd. (Director, 10% Owner)
Reporting Person: Loening George S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-14	Class A Common Stock, par value $0.001 per share	S	4505	$40.46	Disposed	326363	Indirect
2015-12-14	Class A Common Stock, par value $0.001 per share	S	16915	$40.46	Disposed	1224450	Indirect
2015-12-14	Class A Common Stock, par value $0.001 per share	S	28580	$40.46	Disposed	2069922	Indirect
2015-12-15	Class A Common Stock, par value $0.001 per share	S	4505	$40.82	Disposed	321858	Indirect
2015-12-15	Class A Common Stock, par value $0.001 per share	S	16915	$40.82	Disposed	1207535	Indirect
2015-12-15	Class A Common Stock, par value $0.001 per share	S	28580	$40.82	Disposed	2041342	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.