SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

FRED ALGER MANAGEMENT, LLC's Holding History (CIK: 0000003520)

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

Q3 2017

Shares 4,113 Value ($000) $137 Avg Close $36.89 Range $29.85 - $45.75

Q2 2017

Shares 23,067 Value ($000) $1,017 Avg Close $44.23 Range $40.27 - $47.88

Q2 2015

Shares 310,798 Value ($000) $18,225 Avg Close $65.37 Range $57.94 - $74.30

Q1 2015

Shares 391,570 Value ($000) $26,889 Avg Close $60.73 Range $54.46 - $71.66

Q4 2014

Shares 376,452 Value ($000) $26,013 Avg Close $72.53 Range $58.26 - $84.06

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	4,113	$137	$36.89	$29.85 - $45.75
Q2 2017	23,067	$1,017	$44.23	$40.27 - $47.88
Q2 2015	310,798	$18,225	$65.37	$57.94 - $74.30
Q1 2015	391,570	$26,889	$60.73	$54.46 - $71.66
Q4 2014	376,452	$26,013	$72.53	$58.26 - $84.06