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Filing Details

Accession Number:: 0001179110-21-001944
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-18 19:47:37
Reporting Period:: 2021-02-16

Accepted Time:: 2021-02-18 19:47:37
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1549346	Shutterstock Inc.	SSTK	Services-Computer Processing & Data Preparation (7374)	800812659

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1796635	Jarrod Yahes	C/O Shutterstock, Inc. 350 Fifth Avenue, 21St Floor New York NY 10118	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-02-16	17,497	$42.96	37,989	No	4	M	Direct
Common Stock	Disposition	2021-02-16	1,000	$84.44	36,989	No	4	S	Direct
Common Stock	Disposition	2021-02-16	7,793	$85.92	29,196	No	4	S	Direct
Common Stock	Disposition	2021-02-16	12,609	$86.56	16,587	No	4	S	Direct
Common Stock	Disposition	2021-02-16	800	$87.41	15,787	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2021-02-16	17,497	$0.00	17,497	$42.96

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
35,525		2030-01-06	No	4	M	Direct

Footnotes

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.16 to $85.09 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.19 to $86.18 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.19 to $87.15 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.26 to $87.69 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The option vests and becomes exercisable in three annual installments, with 33% vesting on each of January 1, 2021 and January 1, 2022, and 34% vesting on January 1, 2023, subject in each case to the Reporting Person's continued employment on such vesting date.