Shake Shack Inc. — Director's Dealing 2015

Aug 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2015-08-18

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, 10% Owner)
Reporting Person: Loening George S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-18	Class A Common Stock, par value $0.001 per share	C	60565	—	Acquired	338172	Indirect
2015-08-18	Class B Common Stock, par value $0.001 per share	J	60565	—	Disposed	338172	Indirect
2015-08-18	Class A Common Stock, par value $0.001 per share	S	60565	$60.00	Disposed	338172	Indirect
2015-08-18	Class A Common Stock, par value $0.001 per share	C	143504	—	Acquired	1267658	Indirect
2015-08-18	Class B Common Stock, par value $0.001 per share	J	143504	—	Disposed	1267658	Indirect
2015-08-18	Class A Common Stock, par value $0.001 per share	S	143504	$60.00	Disposed	1267658	Indirect
2015-08-18	Class A Common Stock, par value $0.001 per share	S	383567	$60.00	Disposed	2164949	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-18	Common Membership Interests	$00	C	60565	Disposed		Class A Common Stock, par value $0.001 per share (60656)	Indirect
2015-08-18	Common Membership Interests	$00	C	143504	Disposed		Class A Common Stock, par value $0.001 per share (143504)	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.

F5: See Exhibit 99.1.

F6: See Exhibit 99.1.

F7: See Exhibit 99.1.

F8: See Exhibit 99.1.

F9: See Exhibit 99.1.

F10: See Exhibit 99.1.

F11: See Exhibit 99.1.