Shake Shack Inc. — Director's Dealing 2015

Feb 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2015-01-29

Reporting Person: RUBENZER PEGGY (VP, People Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-04	CLASS A COMMON STOCK	P	10000	$21.00	Acquired	10000	Direct
2015-02-05	CLASS A COMMON STOCK	A	22476	—	Acquired	32476	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-29	STOCK OPTION (RIGHT TO BUY)	$21.00	A	106000	Acquired	2025-01-25	CLASS A COMMON STOCK (106000)	Direct

Footnotes

F1: Represents shares of Class A common stock, par value $0.001 per share, purchased under the Shake Shack Inc.'s (the "Issuer") Directed Share Program using personal funds.

F2: The option vests in five equal annual installments on each of the next five anniversaries of the grant date, subject to the Reporting Person's continued service with the Issuer.