Shake Shack Inc. — Director's Dealing 2016

Mar 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-03-22

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
2016-03-22	Class A Common Stock, par value $0.001 per share	S	4470	$33.70	Disposed	272270	Indirect
2016-03-22	Class A Common Stock, par value $0.001 per share	S	28115	$33.70	Disposed	1711854	Indirect
2016-03-22	Class A Common Stock, par value $0.001 per share	S	17415	$33.70	Disposed	1058811	Indirect
2016-03-23	Class A Common Stock, par value $0.001 per share	S	4470	$33.09	Disposed	267800	Indirect
2016-03-23	Class A Common Stock, par value $0.001 per share	S	28115	$33.09	Disposed	1683739	Indirect
2016-03-23	Class A Common Stock, par value $0.001 per share	S	17415	$33.09	Disposed	1041396	Indirect
2016-03-24	Class A Common Stock, par value $0.001 per share	S	4470	$32.52	Disposed	263330	Indirect
2016-03-24	Class A Common Stock, par value $0.001 per share	S	28115	$32.52	Disposed	1655624	Indirect
2016-03-24	Class A Common Stock, par value $0.001 per share	S	17415	$32.52	Disposed	1023981	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.