Shake Shack Inc. — Director's Dealing 2016

Sep 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-09-01

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
2016-09-01	Class A Common Stock, par value $0.001 per share	S	2580	$35.5589	Disposed	71829	Indirect
2016-09-01	Class A Common Stock, par value $0.001 per share	S	14420	$35.5589	Disposed	733817	Indirect
2016-09-01	Class A Common Stock, par value $0.001 per share	S	9400	$35.5589	Disposed	274466	Indirect
2016-09-02	Class A Common Stock, par value $0.001 per share	S	2380	$35.5360	Disposed	69449	Indirect
2016-09-02	Class A Common Stock, par value $0.001 per share	S	13315	$35.5360	Disposed	720502	Indirect
2016-09-02	Class A Common Stock, par value $0.001 per share	S	8680	$35.5360	Disposed	265786	Indirect
2016-09-06	Class A Common Stock, par value $0.001 per share	S	5645	$35.8975	Disposed	63804	Indirect
2016-09-06	Class A Common Stock, par value $0.001 per share	S	31545	$35.8975	Disposed	688957	Indirect
2016-09-06	Class A Common Stock, par value $0.001 per share	S	20565	$35.8975	Disposed	245221	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.