Shutterstock, Inc. — Director's Dealing 2017

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shutterstock, Inc. (SSTK)
CIK: 0001549346
Period of Report: 2017-03-01

Reporting Person: BERNS STEVEN (COO and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-01	Common Stock	F	1424	$45.01	Disposed	53366	Direct
2017-03-01	Common Stock	A	15000	—	Acquired	68366	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-01	Stock Option (Right to Buy)	$45.01	A	20000	Acquired	2027-03-01	Common Stock (20000)	Direct

Footnotes

F1: Represents shares withheld by the Company to satisfy tax withholding obligations that arose upon the vesting of Mr. Berns' restricted stock units.

F2: Consists of a restricted stock unit award made pursuant to the Issuer's Amended and Restated 2012 Omnibus Equity Incentive Plan, and each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. This award vests in four equal annual installments beginning March 1, 2018, subject in each case to the Reporting Person's continued employment on such vesting date.

F3: This option vests and becomes exercisable in four equal annual installments beginning March 1, 2018, subject in each case to the Reporting Person's continued employment on such vesting date.