BLACK DWAYNE A (SVP, Operations) sold 28.4% of their position (13.36K shares) of SHUTTERFLY INC on the open market

Open‑market sale worth $618.7K — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

BLACK DWAYNE A

Filed: 2/19/2019ACC: 0001567619-19-004939

InsiderBLACK DWAYNE ACIK 1390791

→

IssuerSHUTTERFLY INCCIK 1125920

Officer· SVP, Operations

Since Aug 2018

-13.36K

Net shares

Net seller

$618.7K

Total sold

Open market trades

0B · 2S

Total transactions

27.57K acquired · 40.93K disposed

Non-Derivative Transactions7

Common Stock

Direct

M · Option Exercise

+4K

Price / share

—

Trade value

—

% of position

20.5%

2/14/2019

19.54K→23.54K

Common Stock

Direct

S · Sale

−1.34K

Price / share

$45.93

Trade value

$61.41K

% of position

5.7%

2/15/2019

23.54K→22.20K

Common Stock

Direct

M · Option Exercise

+6.21K

Price / share

—

Trade value

—

% of position

28.0%

2/15/2019

22.20K→28.41K

Common Stock

Direct

M · Option Exercise

+6.21K

Price / share

—

Trade value

—

% of position

21.9%

2/15/2019

28.41K→34.63K

Common Stock

Direct

M · Option Exercise

+3.39K

Price / share

—

Trade value

—

% of position

9.8%

2/15/2019

34.63K→38.02K

Common Stock

Direct

M · Option Exercise

+7.75K

Price / share

—

Trade value

—

% of position

20.4%

2/17/2019

38.02K→45.77K

Common Stock

Direct

S · Sale

−12.02K

Price / share

$46.36

Trade value

$557.32K

% of position

26.3%

2/19/2019

45.77K→33.75K

Total

Net shares

+14.21K

Net value

-$618.73K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/14/2019	M · Option Exercise	+4K	—	—	20.5%	19.54K	23.54K
Common Stock Direct	2/15/2019	S · Sale	−1.34K	$45.93	$61.41K	5.7%	23.54K	22.20K
Common Stock Direct	2/15/2019	M · Option Exercise	+6.21K	—	—	28.0%	22.20K	28.41K
Common Stock Direct	2/15/2019	M · Option Exercise	+6.21K	—	—	21.9%	28.41K	34.63K
Common Stock Direct	2/15/2019	M · Option Exercise	+3.39K	—	—	9.8%	34.63K	38.02K
Common Stock Direct	2/17/2019	M · Option Exercise	+7.75K	—	—	20.4%	38.02K	45.77K
Common Stock Direct	2/19/2019	S · Sale	−12.02K	$46.36	$557.32K	26.3%	45.77K	33.75K
Total			+14.21K		-$618.73K

Derivative Transactions5

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

4K shares

−4K

Strike price

Held after

Exercisable

—

2/14/2019

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

6.21K shares

−6.21K

Strike price

Held after

6.21K

Exercisable

—

2/15/2019

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

6.21K shares

−6.21K

Strike price

Held after

6.21K

Exercisable

—

2/15/2019

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

3.39K shares

−3.39K

Strike price

Held after

10.18K

Exercisable

—

2/15/2019

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

7.75K shares

−7.75K

Strike price

Held after

0.00

Exercisable

—

2/17/2019

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock4K shares	2/14/2019	M · Option Exercise	−4K	—	8K
Restricted Stock Units Direct	Common Stock6.21K shares	2/15/2019	M · Option Exercise	−6.21K	—	6.21K
Restricted Stock Units Direct	Common Stock6.21K shares	2/15/2019	M · Option Exercise	−6.21K	—	6.21K
Restricted Stock Units Direct	Common Stock3.39K shares	2/15/2019	M · Option Exercise	−3.39K	—	10.18K
Restricted Stock Units Direct	Common Stock7.75K shares	2/17/2019	M · Option Exercise	−7.75K	—	0.00