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Filing Details

Accession Number:: 0001179110-20-009565
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-03 18:07:35
Reporting Period:: 2020-09-01

Accepted Time:: 2020-09-03 18:07:35
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
1559639	Jonathan Oringer	C/O Shutterstock, Inc. 350 Fifth Avenue, 21St Floor New York NY 10118		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2020-09-01	17,086	$51.49	13,925,738	No	4	S	Direct
Common Stock	Disposition	2020-09-01	4,438	$51.79	13,921,300	No	4	S	Direct
Common Stock	Disposition	2020-09-02	22,447	$50.59	13,898,853	No	4	S	Direct
Common Stock	Disposition	2020-09-02	2,000	$51.39	13,896,853	No	4	S	Direct
Common Stock	Disposition	2020-09-03	28,772	$47.96	13,868,081	No	4	S	Direct
Common Stock	Disposition	2020-09-03	8,057	$48.85	13,860,024	No	4	S	Direct
Common Stock	Disposition	2020-09-03	2,200	$49.63	13,857,824	No	4	S	Direct

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

Footnotes

Shares were sold pursuant to a duly adopted 10b5-1 trading plan entered into in accordance with the Issuer's insider trading policy. The plan provides for periodic sales of a totalmaximum of 1,020,000 shares over the period beginning on June 1, 2020 through May 31, 2021 and was entered into for investment diversification purposes.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.75 to $51.74 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 amount of securities beneficially owned has been adjusted to reflect an additional 5,497 restricted stock units attributable to the Reporting Person in connection with an adjustment made on August 29, 2018 to an outstanding restricted stock unit award pursuant to the antidilution provisions of the Issuer's Amended and Restated 2012 Omnibus Equity Incentive Plan in light of a special cash dividend paid on that date by the Issuer to stockholders of record at the close of business on August 15, 2018.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.75 to $51.85 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 $50.05 to $51.03 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 $51.10 to $51.66 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 $47.50 to $48.48 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 $48.50 to $49.43 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 $49.53 to $49.83 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.