SEC Form 4 · accession 0001179110-17-003835
Shutterstock, Inc. · SSTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Berns
Officer — COO and CFO
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:02 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 Stock | Mar 1, 2017 | F | 1,424 | $45.01 | D | 53,366 | D | |
| Common StockF2 | Mar 1, 2017 | A | 15,000 | $0.00 | A | 68,366 | 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)F3 | $45.01 | Mar 1, 2017 | A | 20,000 | A | — | Mar 1, 2027 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Represents shares withheld by the Company to satisfy tax withholding obligations that arose upon the vesting of Mr. Berns' restricted stock units.
- F2Consists of a restricted stock unit award made pursuant to the Issuer's Amended and Restated 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 March 1, 2018, subject in each case to the Reporting Person's continued employment on such vesting date.
- F3This option vests and becomes exercisable in four equal annual installments beginning March 1, 2018, subject in each case to the Reporting Person's continued employment on such vesting date.