SHUTTERFLY INC

CUSIP: 82568P304 Class: CMN

Global Endowment Management, LP's Holding History (CIK: 0001512237)

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

Q3 2016
Shares 8,300 Value ($000) $371 Avg Close — Range —
Q2 2016
Shares 9,100 Value ($000) $424 Avg Close — Range —
Q1 2016
Shares 9,100 Value ($000) $422 Avg Close — Range —
Q4 2015
Shares 9,100 Value ($000) $405 Avg Close — Range —
Q3 2015
Shares 109,100 Value ($000) $3,900 Avg Close — Range —
Q2 2015
Shares 108,800 Value ($000) $5,202 Avg Close — Range —
Q1 2015
Shares 92,000 Value ($000) $4,162 Avg Close — Range —
Q4 2014
Shares 108,200 Value ($000) $4,511 Avg Close — Range —
Q3 2014
Shares 95,900 Value ($000) $4,674 Avg Close — Range —
Q2 2014
Shares 101,400 Value ($000) $4,366 Avg Close — Range —
Q1 2014
Shares 80,600 Value ($000) $3,440 Avg Close — Range —
Q4 2013
Shares 42,000 Value ($000) $2,139 Avg Close — Range —
Q3 2013
Shares 35,800 Value ($000) $2,001 Avg Close — Range —
Q2 2013
Shares 44,600 Value ($000) $2,488 Avg Close — Range —