SEC Form 4 · accession 0001179110-15-004436
Shutterstock, Inc. · SSTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy E Bixby
Officer — Chief Financial Officer
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 4:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001549346
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Mar 4, 2015 | S | 2,067 | $58.54 | D | 14,651 | D | |
| Common StockF4 | Mar 4, 2015 | A | 20,000 | $0.00 | A | 34,651 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The purpose of this sale was to cover tax obligations of the Reporting Person in connection with the vesting of certain equity awards.
- F2This transaction was executed in multiple trades at prices ranging from $58.50 to $58.54; the price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Issuer, or a security holder of the Issuer.
- F3On December 1, 2014, the Reporting Person acquired 234 shares of the Issuer's common stock under the Issuer's 2012 Employee Stock Purchase Plan.
- F4Consists of a restricted stock unit award made pursuant to the Issuer's 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 three equal annual installments beginning March 4, 2016, subject to the Reporting Person's employment on such vesting date. Vested shares will be delivered to the Reporting Person as soon as practicable following each vesting date.