Shake Shack Inc. — Director's Dealing 2019

Aug 9, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2019-03-01

Reporting Person: Koff Zach (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-01	CLASS A COMMON STOCK	A	3812	—	Acquired	11692	Direct
2019-08-07	CLASS A COMMON STOCK	M	15000	$21	Acquired	26692	Direct
2019-08-07	CLASS A COMMON STOCK	S	15000	$88	Disposed	11692	Direct
2019-08-08	CLASS A COMMON STOCK	M	5000	$21	Acquired	16692	Direct
2019-08-08	CLASS A COMMON STOCK	S	5000	$86	Disposed	11692	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-07	Stock Option (Right to Buy)	$21.0	M	15000	Disposed	2025-01-29	CLASS A COMMON STOCK (15000.0)	Direct
2019-08-08	Stock Option (Right to Buy)	$21.0	M	5000	Disposed	2025-01-29	CLASS A COMMON STOCK (5000.0)	Direct

Footnotes

F1: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On March 1, 2019, pursuant to the Issuer's2015 Incentive Award Plan, as amended, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 1, 2020, March 1, 2021, March 1, 2022 and March 1, 2023, subject to the Reporting Person's continued service with the Issuer.

F2: An option to purchase 106,000 shares of Class A Stock of the Issuer at $21.00 per share was granted to the Reporting Person on January 29, 2015. 21,200 options vested on each of January 29, 2016, January 29, 2017, January 29, 2018 and January 29, 2019, and 21,200 options will vest on January 29, 2020, subject to the Reporting Person's continued service with the Issuer.