Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2017-03-07 18:09:39
Reporting Period:
Filing Date:
Accepted Time:
2017-03-07 18:09:39
SEC Url:
Form 4 Filing
Cik Name Symbol Sector (SIC) IRS No
1549346 Shutterstock Inc. SSTK () 4
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
  1. 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.
  2. 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.
  3. This option became fully vested and exercisable on January 1, 2016.