SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

THOMPSON DAVIS & CO., INC.'s Holding History (CIK: 0001017284)

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

Q1 2015

Shares 250 Value ($000) $17 Avg Close $60.73 Range $54.46 - $71.66

Q4 2014

Shares 250 Value ($000) $17 Avg Close $72.53 Range $58.26 - $84.06

Q3 2014

Shares 250 Value ($000) $18 Avg Close $75.95 Range $69.30 - $86.79

Q2 2014

Shares 250 Value ($000) $21 Avg Close $72.58 Range $60.01 - $86.84

Q1 2014

Shares 250 Value ($000) $18 Avg Close $84.48 Range $72.45 - $103.01

Q4 2013

Shares 250 Value ($000) $21 Avg Close $74.07 Range $64.01 - $85.70

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	250	$17	$60.73	$54.46 - $71.66
Q4 2014	250	$17	$72.53	$58.26 - $84.06
Q3 2014	250	$18	$75.95	$69.30 - $86.79
Q2 2014	250	$21	$72.58	$60.01 - $86.84
Q1 2014	250	$18	$84.48	$72.45 - $103.01
Q4 2013	250	$21	$74.07	$64.01 - $85.70