SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

DRIEHAUS CAPITAL MANAGEMENT LLC's Holding History (CIK: 0000938206)

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

Q3 2014

Shares 37,768 Value ($000) $2,696 Avg Close $75.95 Range $69.30 - $86.79

Q2 2014

Shares 48,046 Value ($000) $3,987 Avg Close $72.58 Range $60.01 - $86.84

Q1 2014

Shares 38,666 Value ($000) $2,808 Avg Close $84.48 Range $72.45 - $103.01

Q4 2013

Shares 38,413 Value ($000) $3,212 Avg Close $74.07 Range $64.01 - $85.70

Q3 2013

Shares 55,169 Value ($000) $4,012 Avg Close $57.09 Range $48.05 - $76.12

Q2 2013

Shares 56,841 Value ($000) $3,171 Avg Close $45.87 Range $37.37 - $57.49

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	37,768	$2,696	$75.95	$69.30 - $86.79
Q2 2014	48,046	$3,987	$72.58	$60.01 - $86.84
Q1 2014	38,666	$2,808	$84.48	$72.45 - $103.01
Q4 2013	38,413	$3,212	$74.07	$64.01 - $85.70
Q3 2013	55,169	$4,012	$57.09	$48.05 - $76.12
Q2 2013	56,841	$3,171	$45.87	$37.37 - $57.49