Shake Shack Inc. — Director's Dealing 2016

Mar 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-03-09

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, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-09	Class A Common Stock, par value $0.001 per share	S	4670	$36.11	Disposed	314683	Indirect
2016-03-09	Class A Common Stock, par value $0.001 per share	S	45330	$36.11	Disposed	1980122	Indirect
2016-03-10	Class A Common Stock, par value $0.001 per share	S	6654	$35.30	Disposed	308029	Indirect
2016-03-10	Class A Common Stock, par value $0.001 per share	S	43346	$35.30	Disposed	1936776	Indirect
2016-03-11	Class A Common Stock, par value $0.001 per share	S	4470	$34.69	Disposed	303559	Indirect
2016-03-11	Class A Common Stock, par value $0.001 per share	S	28115	$34.69	Disposed	1908661	Indirect
2016-03-11	Class A Common Stock, par value $0.001 per share	S	17415	$34.69	Disposed	1180715	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.