Shutterstock, Inc. 4
4 · Shutterstock, Inc. · Filed Feb 27, 2014
Insider Transaction Report
Form 4
Chou James
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2014-02-25$17.00/sh+5,000$85,000→ 5,000 total - Exercise/Conversion
Stock Option (right to buy)
2014-02-25−5,000→ 45,000 totalExercise: $17.00Exp: 2021-03-31→ Common Stock (5,000 underlying) - Sale
Common Stock
2014-02-25$98.70/sh−5,000$493,500→ 0 total
Footnotes (2)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.50 to $98.86. The reporting person undertakes to provide to Shutterstock, Inc., any security holder of Shutterstock, Inc., 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.
- [F2]The option vests over six years, with 16.667% of the shares subject to the option having vested on December 20, 2012 and 4.167% of the shares subject to the option vesting on the first day of each calendar quarter thereafter.