Shake Shack Inc. — Director's Dealing 2016

Feb 29, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2016-02-22

Reporting Person: SWINGHAMER DAVID A (10% Owner)
Reporting Person: DAVID A. SWINGHAMER GRAT (10% Owner)
Reporting Person: Swinghamer Susan (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-22	CLASS A COMMON STOCK	S	6868	$40.0138	Disposed	191645	Indirect
2016-02-23	CLASS A COMMON STOCK	S	14227	$41.367	Disposed	177418	Indirect
2016-02-23	CLASS A COMMON STOCK	S	23905	$40.639	Disposed	153513	Indirect
2016-02-24	CLASS A COMMON STOCK	S	400	$41.055	Disposed	153113	Indirect
2016-02-26	CLASS A COMMON STOCK	S	20000	$40.1008	Disposed	133113	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
CLASS A COMMON STOCK	82495	Direct

Footnotes

F1: The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: This transaction was executed in multiple trades at prices ranging from $40.00 to $40.10. The price reported above reflects the weighted average sale price.

F3: Held directly by the David A. Swinghamer GRAT, of which Susan Swinghamer, the reporting person's wife, is the trustee and beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class A Stock reported herein, except to the extent of his pecuniary interest therein.

F4: This transaction was executed in multiple trades at prices ranging from $41.00 to $41.62. The price reported above reflects the weighted average sale price.

F5: This transaction was executed in multiple trades at prices ranging from $40.00 to $40.97. The price reported above reflects the weighted average sale price.

F6: This transaction was executed in multiple trades at prices ranging from $41.00 to $41.18. The price reported above reflects the weighted average sale price.

F7: This transaction was executed in multiple trades at prices ranging from $40.00 to $40.41. The price reported above reflects the weighted average sale price.