Shake Shack Inc. — Director's Dealing 2017

Nov 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2017-11-25

Reporting Person: Select Equity Group, L.P. (10% Owner)
Reporting Person: SEG Partners Offshore Master Fund, Ltd. (10% Owner)
Reporting Person: SEG PARTNERS II L P (10% Owner)
Reporting Person: Loening George S (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-25	Class A Common Stock, par value $0.001 per share	C	49127	—	Acquired	98402	Indirect
2017-11-25	Class B Common Stock, par value $0.001 per share	J	49127	—	Disposed	0	Indirect
2017-11-25	Class A Common Stock, par value $0.001 per share	C	191658	—	Acquired	340605	Indirect
2017-11-25	Class B Common Stock, par value $0.001 per share	J	191658	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-25	Common Membership Interests	$0	C	49127	Disposed		Class A Common Stock, par value $0.001 per share (49127)	Indirect
2017-11-25	Common Membership Interests	$0	C	191658	Disposed		Class A Common Stock, par value $0.001 per share (191658)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, par value $0.001 per share	529042	Indirect

Footnotes

F1: See Exhibit 99.1.

F2: See Exhibit 99.1.

F3: See Exhibit 99.1.

F4: See Exhibit 99.1.

F5: See Exhibit 99.1.

F6: See Exhibit 99.1.

F7: See Exhibit 99.1.

F8: See Exhibit 99.1.

F9: See Exhibit 99.1.

F10: See Exhibit 99.1.