Filing Details
- Accession Number:
- 0001179110-17-004142
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-03-07 18:09:39
- Reporting Period:
- 2017-03-06
- Filing Date:
- 2017-03-07
- Accepted Time:
- 2017-03-07 18:09:39
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1549346 | Shutterstock Inc. | SSTK | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1232995 | Steven Berns | C/O Shutterstock, Inc. 350 Fifth Avenue, 21St Floor New York NY 10118 | Coo And Cfo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-03-06 | 15,000 | $17.50 | 83,366 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-03-06 | 9,559 | $41.74 | 73,807 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2017-03-06 | 15,000 | $0.00 | 15,000 | $17.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-03-31 | No | 4 | M | Direct |
Footnotes
- Consists of a cashless exercise of an option to purchase common stock by the Reporting Person pursuant to which the Reporting Person acquired 15,000 shares of the Issuer's common stock. Following the sale of shares to pay the exercise price, cover withholding taxes and pay broker fees and commissions, the remaining net 5,441 shares of common stock continue to be held by the Reporting Person.
- Price reflected is a weighted-average sales price for shares sold. The shares were sold in multiple transactions and the range of sale prices for the transactions reported was $41.74 to $41.77. The Reporting Person undertakes to provide the Issuer, any security holder of the issuer, or any staff member of the Securities and Exchange Commission upon request, information regarding the number of shares sold at each separate price.
- This option became fully vested and exercisable on January 1, 2016.
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