Shake Shack Inc. — Director's Dealing 2016

Sep 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-09-12

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
2016-09-12	Class A Common Stock, par value $0.001 per share	S	1170	$34.4378	Disposed	55119	Indirect
2016-09-12	Class A Common Stock, par value $0.001 per share	S	6560	$34.4378	Disposed	640416	Indirect
2016-09-12	Class A Common Stock, par value $0.001 per share	S	4270	$34.4378	Disposed	213581	Indirect
2016-09-13	Class A Common Stock, par value $0.001 per share	S	1175	$34.0103	Disposed	53944	Indirect
2016-09-13	Class A Common Stock, par value $0.001 per share	S	6550	$34.0103	Disposed	633866	Indirect
2016-09-13	Class A Common Stock, par value $0.001 per share	S	4275	$34.0103	Disposed	209306	Indirect
2016-09-14	Class A Common Stock, par value $0.001 per share	S	1170	$34.3209	Disposed	52774	Indirect
2016-09-14	Class A Common Stock, par value $0.001 per share	S	6560	$34.3209	Disposed	627306	Indirect
2016-09-14	Class A Common Stock, par value $0.001 per share	S	4270	$34.3209	Disposed	205036	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.