Shutterstock, Inc. — Director's Dealing 2020

Sep 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shutterstock, Inc. (SSTK)
CIK: 0001549346
Period of Report: 2020-09-01

Reporting Person: Oringer Jonathan (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-01	Common Stock	S	17086	$51.49	Disposed	13925738	Direct
2020-09-01	Common Stock	S	4438	$51.79	Disposed	13921300	Direct
2020-09-02	Common Stock	S	22447	$50.59	Disposed	13898853	Direct
2020-09-02	Common Stock	S	2000	$51.39	Disposed	13896853	Direct
2020-09-03	Common Stock	S	28772	$47.96	Disposed	13868081	Direct
2020-09-03	Common Stock	S	8057	$48.85	Disposed	13860024	Direct
2020-09-03	Common Stock	S	2200	$49.63	Disposed	13857824	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.