Shutterfly, Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

REDWOOD CITY, Calif.--()--Shutterfly, Inc. (NASDAQ:SFLY), the leading manufacturer and digital retailer of high-quality personalized products and services, announced today that on October 26, 2015, the Compensation Committee of the Company’s Board of Directors approved the grant of 37,500 inducement restricted stock units to three new employees, all former employees of MobixOn, a leading software development company that specializes in the development of mobile applications, with all grants having a grant date of November 16, 2015.

The award will vest over four years, with 25 percent of the underlying shares vesting on each of the first, second, third and fourth anniversaries of the initial November 16, 2015 grant date. The grant is being made as an inducement material to the employees’ acceptance of employment with Shutterfly, in accordance with NASDAQ Listing Rule 5635(c)(4). Vesting of the award is also subject to the employees’ continuous service through each vesting date.

About Shutterfly, Inc.

Shutterfly, Inc. is the leading manufacturer and digital retailer of high-quality personalized products and services offered through a family of lifestyle brands. Founded in 1999, the Shutterfly, Inc. family of brands includes Shutterfly, where your photos come to life in photo books, cards and gifts; Tiny Prints, premium cards and stationery for all life’s occasions; Wedding Paper Divas, wedding invitations and stationery for every step of the planning process; Treat, personalized greeting cards that really stand out; MyPublisher, one of the pioneers in the photo book industry and creator of easy-to-use photo book-making software; ThisLife,a private, cloud-based solution that makes it easy for consumers to find, share and enjoy their photos and videos, all in one place; and BorrowLenses, the premier online marketplace for photographic and video equipment rentals. For more information about Shutterfly, Inc. (NASDAQ:SFLY), visit www.shutterflyinc.com.

Contacts

Shutterfly, Inc.
Investors
Christiane Pelz, 650-632-2310
cpelz@shutterfly.com
or
Media
Gretchen Sloan, 650-610-5276
gsloan@shutterfly.com

Contacts

Shutterfly, Inc.
Investors
Christiane Pelz, 650-632-2310
cpelz@shutterfly.com
or
Media
Gretchen Sloan, 650-610-5276
gsloan@shutterfly.com