Ownership Submission
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 *
  Han Ed
 2. Date of Event Requiring Statement (Month/Day/Year)
04/25/2011		 3. Issuer Name and Ticker or Trading Symbol
SHUTTERFLY INC [SFLY]
(Last)
(First)
(Middle)
C/O SHUTTERFLY, INC., 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)
VP & GM, Tiny Prints
 5. If Amendment, Date Original Filed(Month/Day/Year)
05/05/2011
(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)

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) (4)   (3) 06/07/2020 Common Stock 279,812 (1) (2) $ 5.69 D  

Reporting Owners

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  

Signatures

/s/ Charlotte Falla, Attorney In Fact 05/04/2011
**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) 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

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