Shake Shack Inc. — Director's Dealing 2016

Mar 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-03-14

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)
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
2016-03-14	Class A Common Stock, par value $0.001 per share	S	4470	$34.35	Disposed	299089	Indirect
2016-03-14	Class A Common Stock, par value $0.001 per share	S	28115	$34.35	Disposed	1880546	Indirect
2016-03-14	Class A Common Stock, par value $0.001 per share	S	17415	$34.35	Disposed	1163300	Indirect
2016-03-15	Class A Common Stock, par value $0.001 per share	S	4470	$33.99	Disposed	294619	Indirect
2016-03-15	Class A Common Stock, par value $0.001 per share	S	28115	$33.99	Disposed	1852431	Indirect
2016-03-15	Class A Common Stock, par value $0.001 per share	S	17415	$33.99	Disposed	1145885	Indirect
2016-03-16	Class A Common Stock, par value $0.001 per share	S	4469	$33.59	Disposed	290150	Indirect
2016-03-16	Class A Common Stock, par value $0.001 per share	S	28117	$33.59	Disposed	1824314	Indirect
2016-03-16	Class A Common Stock, par value $0.001 per share	S	17414	$33.59	Disposed	1128471	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.