Shake Shack Inc. — Director's Dealing 2016

Mar 21, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-03-17

Reporting Person: Select Equity Group, L.P. (Director, See Remarks)
Reporting Person: SEG PARTNERS L P (Director)
Reporting Person: SEG PARTNERS II L P (Director)
Reporting Person: SEG Partners Offshore Master Fund, Ltd. (Director)
Reporting Person: Loening George S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-17	Class A Common Stock, par value $0.001 per share	S	4470	$33.73	Disposed	285680	Indirect
2016-03-17	Class A Common Stock, par value $0.001 per share	S	28115	$33.73	Disposed	1796199	Indirect
2016-03-17	Class A Common Stock, par value $0.001 per share	S	17415	$33.73	Disposed	1111056	Indirect
2016-03-18	Class A Common Stock, par value $0.001 per share	S	4470	$34.9	Disposed	281210	Indirect
2016-03-18	Class A Common Stock, par value $0.001 per share	S	28115	$34.9	Disposed	1768084	Indirect
2016-03-18	Class A Common Stock, par value $0.001 per share	S	17415	$34.9	Disposed	1093641	Indirect
2016-03-21	Class A Common Stock, par value $0.001 per share	S	4470	$34.25	Disposed	276740	Indirect
2016-03-21	Class A Common Stock, par value $0.001 per share	S	28115	$34.25	Disposed	1739969	Indirect
2016-03-21	Class A Common Stock, par value $0.001 per share	S	17415	$34.25	Disposed	1076226	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.