UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (Right to Buy) (4) | Â (3) | 06/07/2020 | Common Stock | 279,812 (1) (2) | $ 5.69 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Han Ed C/O SHUTTERFLY, INC. 2800 BRIDGE PARKWAY REDWOOD CITY, CA 94065 |
 |  |  VP & GM, Tiny Prints |  |
/s/ Charlotte Falla, Attorney In Fact | 05/04/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Options issued pursuant to the terms of the Tiny Prints, Inc. 2008 Equity Incentive Plan and converted into options exercisable for common stock of Shutterfly pursuant to the terms of the Merger Agreement. |
(2) | Pursuant to the Merger Agreement, options to purchase shares of Tiny Prints, Inc. common stock that were outstanding immediately prior to the consummation of the merger were converted into options to purchase the whole number of shares of Shutterfly common stock equal to the number of shares subject to the Tiny Prints option immediately prior to the merger multiplied by the Tiny Prints exchange ratio, in accordance with the terms of the Merger Agreement, at an exercise price determined in accordance with the terms of the Merger Agreement. |
(3) | An initial portion of the Options became vested and exercisable as of May 1, 2008. Thereafter portions of the Shares vest and are exercisable as follows: 2.083333% of the Shares vest each month of continuous service for 48 months until fully vested. If application of the vesting percentage causes a fractional share, such share is rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month the Option shall become exercisable for the full remainder of the Shares. |
(4) | This Form 3/A is being filed to correct the total number of options erroneously reported on a Form 3 filed with the Securities and Exchange Commission on May 5, 2011. |
 Remarks: This Statement confirms that the undersigned, Ed Han, has authorized and designated Charlotte Falla or Brian Manca to execute and file on the undersigned's behalf all Forms 3, 4, and 5 (including any amendments thereto) that the undersigned may be required to file with the U.S. Securities and Exchange Commission as a result of the undersigned's ownership of or transactions in securities of Shutterfly, Inc.  The authority of Charlotte Falla or Brian Manca under this Statement shall continue until the undersigned is no longer required to file Forms 3, 4, and 5 with regard to the undersigned's ownership of or transactions in securities of Shutterfly, Inc., unless earlier revoked in writing.  The undersigned acknowledges that Charlotte Falla or Brian Manca are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. Date:  April 27, 2011 /s/Ed Han Ed Han |