SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

MASSACHUSETTS FINANCIAL SERVICES CO /MA/'s Holding History (CIK: 0000912938)

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

Q2 2015

Shares 140,322 Value ($000) $8,228,482 Avg Close $65.37 Range $57.94 - $74.30

Q1 2015

Shares 177,893 Value ($000) $12,215,912 Avg Close $60.73 Range $54.46 - $71.66

Q4 2014

Shares 442,835 Value ($000) $30,599,899 Avg Close $72.53 Range $58.26 - $84.06

Q3 2014

Shares 687,738 Value ($000) $49,091 Avg Close $75.95 Range $69.30 - $86.79

Q2 2014

Shares 685,828 Value ($000) $56,910 Avg Close $72.58 Range $60.01 - $86.84

Q1 2014

Shares 235,010 Value ($000) $17,064,076 Avg Close $84.48 Range $72.45 - $103.01

Q4 2013

Shares 93,340 Value ($000) $7,806,024 Avg Close $74.07 Range $64.01 - $85.70

Q3 2013

Shares 292,970 Value ($000) $21,304,778 Avg Close $57.09 Range $48.05 - $76.12

Q2 2013

Shares 354,020 Value ($000) $19,747,236 Avg Close $45.87 Range $37.37 - $57.49

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	140,322	$8,228,482	$65.37	$57.94 - $74.30
Q1 2015	177,893	$12,215,912	$60.73	$54.46 - $71.66
Q4 2014	442,835	$30,599,899	$72.53	$58.26 - $84.06
Q3 2014	687,738	$49,091	$75.95	$69.30 - $86.79
Q2 2014	685,828	$56,910	$72.58	$60.01 - $86.84
Q1 2014	235,010	$17,064,076	$84.48	$72.45 - $103.01
Q4 2013	93,340	$7,806,024	$74.07	$64.01 - $85.70
Q3 2013	292,970	$21,304,778	$57.09	$48.05 - $76.12
Q2 2013	354,020	$19,747,236	$45.87	$37.37 - $57.49