Amended Statement of Beneficial Ownership (sc 13d/a)
September 12 2019 - 4:11PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of
1934
(Amendment No. 5)*+
Shake Shack Inc.
(Name of Issuer)
Class A Common Stock, $0.001 par value
per share
(Title of Class of Securities)
819047 101
(CUSIP Number)
Randall J. Garutti
c/o Shake Shack Inc.
225 Varick Street
Suite 301
New York, NY 10014
(646) 747-7200
(Name, Address and Telephone Number of Person
Authorized to
Receive Notices and Communications)
September 9, 2019
(Date of Event which Requires Filing of
this Statement)
If the filing person has previously
filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule
because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed
in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for
other parties to whom copies are to be sent.
* The remainder of
this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover
page.
The information required on
the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).
+ Represents (i) Amendment No.
5 to the Schedule 13D filed by Randall J. Garutti and (ii) Amendment No. 4 to the Schedule 13D filed by Randall J. Garutti 2014
GST Trust dated 12/30/14
CUSIP No. 819047 101
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Schedule 13D/A
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1
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Names of Reporting Persons
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Randall J. Garutti
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2
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Check the Appropriate Box if a Member of a Group
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(a) ¨
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(b) x
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3
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SEC Use Only
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4
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Source of Funds
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PF
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5
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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¨
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6
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Citizenship or Place of Organization
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United States of America
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Number of Shares
Beneficially Owned by
Each Reporting
Person With:
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7
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Sole Voting Power
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759,569
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8
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Shared Voting Power
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55,972
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9
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Sole Dispositive Power
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759,569
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10
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Shared Dispositive Power
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55,972
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
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815,541
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Securities
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¨
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13
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Percent of Class Represented by Amount in Row (11)
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2.4%
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14
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Type of Reporting Person
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IN
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CUSIP No. 819047 101
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Schedule 13D/A
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1
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Names of Reporting Persons
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Randall J. Garutti 2014 GST Trust dated 12/30/14(1)
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2
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Check the Appropriate Box if a Member of a Group
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(a) ¨
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(b) x
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3
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SEC Use Only
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4
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Source of Funds
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OO (Cash from Trust)
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5
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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¨
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6
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Citizenship or Place of Organization
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Delaware
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Number of Shares
Beneficially Owned by
Each Reporting
Person With:
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7
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Sole Voting Power
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—
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8
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Shared Voting Power
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55,972
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9
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Sole Dispositive Power
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—
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10
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Shared Dispositive Power
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55,972
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
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55,972
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Securities
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¨
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13
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Percent of Class Represented by Amount in Row (11)
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0.2%
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14
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Type of Reporting Person
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OO
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(1)
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Ronald Garutti, Jr., the brother of Randall J. Garutti, and Maria Garutti, the wife of Randall
J. Garutti, are trustees of the Randall J. Garutti GST Trust dated 12/30/14.
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CUSIP No. 819047 101
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Schedule 13D/A
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Preliminary Note
This filing, dated
September 12, 2019 (this "Amendment"), amends and supplements the Schedule 13Ds initially filed on February 17, 2015
for each of Randall J. Garutti and Randall J. Garutti 2014 GST Trust dated 12/30/14 (as amended and supplemented to date, the "Schedule
13Ds") relating to shares of Class A common stock, $0.001 par value per share (the "A-Common"), of Shake Shack Inc.
(the "Issuer"). Capitalized terms used in this Amendment and not otherwise defined herein shall have the same meanings
ascribed to them in the Schedule 13Ds.
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Item 4.
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Purpose of Transaction
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Item 4 of the Schedule 13Ds is hereby amended and supplemented
as follows:
On August 7, 2019, Randall J. Garutti and J.P. Morgan Securities
LLC entered into a stock trading plan (the “August 2019 10b5-1 Plan”) designed to comply with Rule 10b5-1 of the Securities
and Exchange Act of 1934, as amended, and the Issuer's insider trading compliance policy. Under the August 2019 10b5-1 Plan, Mr.
Garutti may sell, beginning September 9, 2019, up to 150,000 shares of A-Common, which Mr. Garutti has the right to acquire through
the exercise of vested outstanding stock options, through February 28, 2020, subject to the price, volume and other conditions
set forth in the August 2019 10b5-1 Plan.
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Item 5.
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Interest in Securities of the Issuer
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Item 5 of the Schedule 13Ds is amended and restated in its entirety
as follows:
(a)-(b)
The aggregate percentage of shares of A-Common
reported to be beneficially owned by the Reporting Persons is based upon a total of 33,631,106 shares of A-Common outstanding,
which is the total number of shares of A-Common told by the Issuer to the Reporting Persons to be outstanding as of September 11,
2019.
At the close of business on September 11,
2019, the Reporting Persons may be deemed to beneficially own 815,541 shares of A-Common in the aggregate, constituting approximately
2.4% of the shares of A-Common outstanding, as set forth in further detail below:
Reporting Person
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Amount
beneficially
owned
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Percent
of class
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Sole power
to vote or to
direct the
vote
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Shared
power to
vote or to
direct the
vote
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Sole power to
dispose or to
direct the
disposition of
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Shared power
to dispose or to
direct the
disposition of
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RANDALL J. GARUTTI(1)
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815,541(3)
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2.4%
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759,569
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55,972
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759,569
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55,972
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RANDALL
J. GARUTTI 2014 GST TRUST DATED 12/30/14(2)
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55,972(4)
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0.2%
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—
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55,972
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—
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55,972
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(1)
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Mr. Garutti disclaims beneficial ownership of the securities held by the Randall J. Garutti 2014 GST Trust dated 12/30/14.
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(2)
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Ronald Garutti, Jr., the brother of Randall J. Garutti, and Maria Garutti, the wife of Randall J. Garutti, are co-trustees
of the Randall J. Garutti 2014 GST Trust dated 12/30/14.
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(3)
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Includes 17,518 shares of A-Common and 254,051 LLC Interests that may be exchanged for shares of A-Common at the election of
Mr. Garutti.
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(4)
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Includes 55,972 LLC Interests that may be exchanged for shares of A-Common at the election of the Randall J. Garutti 2014 GST
Trust dated 12/30/14.
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CUSIP No. 819047 101
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Schedule 13D/A
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(c) The following table sets forth the transactions with respect
to shares of A-Common by each of the Reporting Persons required to be reported pursuant to this Item 5(c). Each day's sales
comprised open market transactions made on that day, and the price per share reported for each sale is the weighted average sales
price. The Reporting Person’s will provide upon request of the SEC staff the full information regarding the number of shares
purchased or sold at each separate price.
Reporting Person
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Date of Transaction
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Number of Shares
Acquired (A) or
Disposed (D) of
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Price per Share
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RANDALL J. GARUTTI
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July 26, 2019
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37,523
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(D)
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$
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74.0509
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(1)
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RANDALL J. GARUTTI
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July 26, 2019
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12,377
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(D)
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$
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74.8172
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(2)
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RANDALL J. GARUTTI
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July 26, 2019
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100
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(D)
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$
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75.53
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(3)
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RANDALL J. GARUTTI
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September 9, 2019
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37,058
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(D)
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$
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102.6294
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(4)
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RANDALL J. GARUTTI
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September 9, 2019
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19,042
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(D)
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$
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103.3988
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(5)
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RANDALL J. GARUTTI
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September 9, 2019
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3,400
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(D)
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$
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104.4403
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(6)
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RANDALL J. GARUTTI
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September 9, 2019
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500
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(D)
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$
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105.2100
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(7)
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(1) The transaction was executed in multiple trades as prices
ranging from $73.5050 to $74.5049.
(2) The transaction was executed in multiple trades as prices
ranging from $74.5050 to $75.5049.
(3) The transaction was executed in multiple trades as prices ranging from $75.5050 to $75.5300.
(4) The transaction was executed in multiple trades as prices ranging from $102.0550 to $103.0549.
(5) The transaction was executed in multiple trades as prices ranging from $103.0550 to $104.0549.
(6) The transaction was executed in multiple trades as prices ranging from $104.0550 to $105.0549.
(7) The transaction was executed in multiple trades as prices
ranging from $105.0550 to $105.2300.
(d) None.
(e) Not applicable.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
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The disclosure under Item 4 relating to the August 2019 10b5-1
Plan is incorporated herein by reference. The description of the August 2019 10b5-1 Plan is qualified in its entirety by the copy
of the August 2019 10b5-1 Plan filed as Exhibit 7.10, which is incorporated herein by reference.
Item 7
Item 7 of the Schedule 13D is hereby amended
and supplemented as follows:
Exhibit No.
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Description
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7.10
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Sales Plan, adopted August 7, 2019, between Randall J. Garutti and J.P. Morgan Securities LLC
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CUSIP No. 819047 101
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Schedule 13D/A
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SIGNATURE
After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: September 12, 2019
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By:
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/s/ Ronald Palmese, Jr.
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Ronald Palmese, Jr., Esq., Attorney-in-Fact for Randall J. Garutti
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Dated: September 12, 2019
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By:
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/s/ Ronald Palmese, Jr.
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Ronald Palmese, Jr., Esq., Attorney-in-Fact for
Randall J. Garutti 2014 GST Trust dated 12/30/14
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