SEC Form 4 · accession 0001179110-15-015599
Shutterstock, Inc. · SSTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Phelan
Officer — Chief People Officer
Period of report
Dec 1, 2015
Accepted (ET)
Dec 2, 2015 · 5:36 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 StockF1 | Dec 1, 2015 | A | 20,000 | $0.00 | A | 20,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $36.42 | Dec 1, 2015 | A | 25,000 | A | — | Dec 1, 2025 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Consists 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 four equal annual installments beginning December 1, 2016, subject in each case to the Reporting Person's continued employment on such vesting date. Vested shares will be delivered to the Reporting Person as soon as practicable following each vesting date.
- F2The option becomes exercisable in four equal annual installments beginning December 1, 2016, subject in each case to the Reporting Person's continued employment on such vesting date.