SEC Form 4 · accession 0001179110-17-004142
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 6, 2017
Accepted (ET)
Mar 7, 2017 · 6:09 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 6, 2017 | M | 15,000 | $17.50 | A | 83,366 | D | |
| Common StockF2 | Mar 6, 2017 | S | 9,559 | $41.74 | D | 73,807 | 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 | $17.50 | Mar 6, 2017 | M | 15,000 | D | — | Mar 31, 2021 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1Consists of a cashless exercise of an option to purchase common stock by the Reporting Person pursuant to which the Reporting Person acquired 15,000 shares of the Issuer's common stock. Following the sale of shares to pay the exercise price, cover withholding taxes and pay broker fees and commissions, the remaining net 5,441 shares of common stock continue to be held by the Reporting Person.
- F2Price reflected is a weighted-average sales price for shares sold. The shares were sold in multiple transactions and the range of sale prices for the transactions reported was $41.74 to $41.77. The Reporting Person undertakes to provide the Issuer, any security holder of the issuer, or any staff member of the Securities and Exchange Commission upon request, information regarding the number of shares sold at each separate price.
- F3This option became fully vested and exercisable on January 1, 2016.