SHUTTERFLY INC

CUSIP: 82568P304 Class: CMN

Tiptree Advisors, LLC's Holding History (CIK: 0001455452)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015
Shares 143,724 Value ($000) $6,404 Avg Close — Range —
Q3 2015
Shares 310,600 Value ($000) $11,104 Avg Close — Range —
Q2 2015
Shares 310,600 Value ($000) $14,850 Avg Close — Range —
Q1 2015
Shares 310,600 Value ($000) $14,052 Avg Close — Range —