Shake Shack Inc. — Director's Dealing 2016

Dec 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-12-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-01	Class A Common Stock, par value $0.001 per share	S	24922	$36.3903	Disposed	602384	Indirect
2016-12-01	Class A Common Stock, par value $0.001 per share	S	10877	$36.3903	Disposed	194159	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, par value $0.001 per share	52774	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.