Shake Shack Inc. — Director's Dealing 2016

Aug 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-08-02

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
2016-08-02	Class A Common Stock, par value $0.001 per share	C	34000	—	Acquired	108807	Indirect
2016-08-02	Class B Common Stock, par value $0.001 per share	J	34000	—	Disposed	49127	Indirect
2016-08-02	Class A Common Stock, par value $0.001 per share	C	136000	—	Acquired	437605	Indirect
2016-08-02	Class B Common Stock, par value $0.001 per share	J	136000	—	Disposed	191658	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-02	Common Membership Interests	$0	C	34000	Acquired		Class A Common Stock, par value $0.001 per share (34000)	Indirect
2016-08-02	Common Membership Interests	$0	C	136000	Acquired		Class A Common Stock, par value $0.001 per share (136000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, par value $0.001 per share	987452	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.

F5: See Exhibit 99.1.

F6: See Exhibit 99.1.

F7: See Exhibit 99.1.

F8: See Exhibit 99.1.

F9: See Exhibit 99.1.

F10: See Exhibit 99.1.