Shake Shack Inc. — Director's Dealing 2016

Aug 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-08-12

Reporting Person: Select Equity Group, L.P. (Director, See Remarks)
Reporting Person: SEG PARTNERS L P (Director)
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
2016-08-12	Class A Common Stock, par value $0.001 per share	S	125	$38.1109	Disposed	108682	Indirect
2016-08-12	Class A Common Stock, par value $0.001 per share	S	32536	$38.1109	Disposed	954916	Indirect
2016-08-12	Class A Common Stock, par value $0.001 per share	S	22339	$38.1109	Disposed	415266	Indirect
2016-08-15	Class A Common Stock, par value $0.001 per share	S	5967	$37.7585	Disposed	102715	Indirect
2016-08-15	Class A Common Stock, par value $0.001 per share	S	36205	$37.7585	Disposed	918711	Indirect
2016-08-15	Class A Common Stock, par value $0.001 per share	S	23045	$37.7585	Disposed	392221	Indirect
2016-08-16	Class A Common Stock, par value $0.001 per share	S	3665	$37.2628	Disposed	99050	Indirect
2016-08-16	Class A Common Stock, par value $0.001 per share	S	22205	$37.2628	Disposed	896506	Indirect
2016-08-16	Class A Common Stock, par value $0.001 per share	S	14130	$37.2628	Disposed	378091	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.