Shake Shack Inc. — Director's Dealing 2016

Sep 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-09-07

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. (10% Owner, 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
2016-09-07	Class A Common Stock, par value $0.001 per share	S	5165	$36.3744	Disposed	58639	Indirect
2016-09-07	Class A Common Stock, par value $0.001 per share	S	28881	$36.3744	Disposed	660076	Indirect
2016-09-07	Class A Common Stock, par value $0.001 per share	S	18820	$36.3744	Disposed	226401	Indirect
2016-09-08	Class A Common Stock, par value $0.001 per share	S	1175	$36.3344	Disposed	57464	Indirect
2016-09-08	Class A Common Stock, par value $0.001 per share	S	6550	$36.3344	Disposed	653526	Indirect
2016-09-08	Class A Common Stock, par value $0.001 per share	S	4275	$36.3344	Disposed	222126	Indirect
2016-09-09	Class A Common Stock, par value $0.001 per share	S	1175	$35.0878	Disposed	56289	Indirect
2016-09-09	Class A Common Stock, par value $0.001 per share	S	6550	$35.0878	Disposed	646976	Indirect
2016-09-09	Class A Common Stock, par value $0.001 per share	S	4275	$35.0878	Disposed	217851	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.