Shake Shack Inc. — Director's Dealing 2016

Mar 30, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-03-28

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, 10% Owner)
Reporting Person: SEG PARTNERS II L P (Director)
Reporting Person: Loening George S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-28	Class A Common Stock, par value $0.001 per share	S	4470	$32.74	Disposed	258860	Indirect
2016-03-28	Class A Common Stock, par value $0.001 per share	S	28115	$32.74	Disposed	1627509	Indirect
2016-03-28	Class A Common Stock, par value $0.001 per share	S	17415	$32.74	Disposed	1006566	Indirect
2016-03-29	Class A Common Stock, par value $0.001 per share	S	4470	$33.69	Disposed	254390	Indirect
2016-03-29	Class A Common Stock, par value $0.001 per share	S	28115	$33.69	Disposed	1599394	Indirect
2016-03-29	Class A Common Stock, par value $0.001 per share	S	17415	$33.69	Disposed	989151	Indirect
2016-03-30	Class A Common Stock, par value $0.001 per share	S	4470	$35.94	Disposed	249920	Indirect
2016-03-30	Class A Common Stock, par value $0.001 per share	S	28115	$35.94	Disposed	1571279	Indirect
2016-03-30	Class A Common Stock, par value $0.001 per share	S	17415	$35.94	Disposed	971736	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.