Shutterstock, Inc. 4
4 · Shutterstock, Inc. · Filed Nov 5, 2014
Insider Transaction Report
Form 4
Chou James
Chief Technology Officer
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2014-11-03−5,000→ 80,000 totalExercise: $14.17Exp: 2021-03-31→ Common Stock (5,000 underlying) - Sale
Common Stock
2014-11-03$76.49/sh−5,000$382,450→ 8,378 total - Exercise/Conversion
Common Stock
2014-11-03$14.17/sh+5,000$70,850→ 13,378 total
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2014, as amended on June 12, 2014.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.34 to $77.85, inclusive. 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.
- [F3]The option vests over four years, with 25% of the shares subject to the option having vested on April 1, 2012 and 6.25% of the shares subject to the option vesting on the first day of each calendar quarter thereafter.