Shake Shack Inc. — Director's Dealing 2015

Dec 14, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2015-12-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-10	Class A Common Stock, par value $0.001 per share	S	2750	$43.04	Disposed	335377	Indirect
2015-12-10	Class A Common Stock, par value $0.001 per share	S	9383	$43.04	Disposed	1258275	Indirect
2015-12-10	Class A Common Stock, par value $0.001 per share	S	37866	$43.04	Disposed	2127083	Indirect
2015-12-11	Class A Common Stock, par value $0.001 per share	S	4509	$41.44	Disposed	330868	Indirect
2015-12-11	Class A Common Stock, par value $0.001 per share	S	16910	$41.44	Disposed	1241365	Indirect
2015-12-11	Class A Common Stock, par value $0.001 per share	S	28581	$41.44	Disposed	2098502	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.