XNAS:SFLY Shutterfly Inc Insider Activity 3 Filing - 1/12/2012

Effective Date 1/12/2012

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FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Manca Brian
2. Date of Event Requiring Statement (Month/Day/Year)
01/12/2012
3. Issuer Name and Ticker or Trading Symbol
SHUTTERFLY INC [SFLY]
(Last)
(First)
(Middle)
2800 BRIDGE PARKWAY
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Accounting Officer
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)

REDWOOD CITY, CA 94065
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 3,152
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   (1) 04/29/2017 Common Stock 3,000 $16.24 D  
Employee Stock Option (Right to Buy)   (1) 11/14/2017 Common Stock 2,000 $26.7 D  
Employee Stock Option (Right to Buy)   (2) 09/01/2018 Common Stock 2,500 $9.75 D  
Employee Stock Option (Right to Buy)   (3) 02/14/2021 Common Stock 4,000 $45.91 D  
Restricted Stock Units   (5)   (11) Common Stock 250 (4) D  
Restricted Stock Units   (6)   (11) Common Stock 3,333 (4) D  
Restricted Stock Units   (7)   (11) Common Stock 3,333 (4) D  
Restricted Stock Units   (8)   (11) Common Stock 3,680 (4) D  
Restricted Stock Units   (9)   (11) Common Stock 5,500 (4) D  
Restricted Stock Units   (10)   (11) Common Stock 12,000 (4) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Manca Brian
2800 BRIDGE PARKWAY
REDWOOD CITY, CA 94065
      Chief Accounting Officer  

Signatures

/s/ Charlotte Falla, Attorney in Fact 01/20/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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) Option is 100% vested and exercisable.
(2) Option vested as to 25% of the shares subject to the grant on September 2, 2009 and vests as to an additional 1/48th of the total number of shares subject to the grant at the end of each full month until September 2, 2012.
(3) Option vested as to 25% of the shares subject to the grant on February 15, 2012 and vests as to an additional 1/48th of the total number of shares subject to the grant at the end of each full month until February 15, 2015.
(4) Each restricted stock unit represents a contingent right to receive one share of SFLY common stock.
(5) The restricted stock unit vests in one annual installment on September 2, 2012.
(6) The restricted stock unit vests in one annual installment on February 17, 2012.
(7) The restricted stock unit vests in two equal annual installments beginning February 16, 2012.
(8) The restricted stock unit vests in four equal annual installments beginning February 15, 2012.
(9) The restricted stock unit vests in four equal annual installments beginning November 15, 2012.
(10) The restricted stock unit vests in four equal annual installments beginning January 17, 2013.
(11) Not Applicable
 
Remarks:
This Statement confirms that the undersigned, Brian Manca, has authorized and designated Charlotte Falla and Michael Look 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 and Michael Look 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 and Michael Look are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

/s/ Brian Manca
Date:  January 12, 2012

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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XNAS:SFLY Shutterfly Inc Insider Activity 3 Filling

Shutterfly Inc XNAS:SFLY Stock - Get Insider Activity SEC Filing of Shutterfly Inc XNAS:SFLY stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:SFLY Shutterfly Inc Insider Activity 3 Filing - 1/12/2012
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