SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

BAMCO INC /NY/'s Holding History (CIK: 0001017918)

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

Q2 2015

Shares 881,650 Value ($000) $51,700 Avg Close $65.37 Range $57.94 - $74.30

Q1 2015

Shares 931,620 Value ($000) $63,974 Avg Close $60.73 Range $54.46 - $71.66

Q4 2014

Shares 910,557 Value ($000) $62,919 Avg Close $72.53 Range $58.26 - $84.06

Q3 2014

Shares 989,111 Value ($000) $70,603 Avg Close $75.95 Range $69.30 - $86.79

Q2 2014

Shares 1,007,335 Value ($000) $83,589 Avg Close $72.58 Range $60.01 - $86.84

Q1 2014

Shares 688,943 Value ($000) $50,024 Avg Close $84.48 Range $72.45 - $103.01

Q4 2013

Shares 663,151 Value ($000) $55,459 Avg Close $74.07 Range $64.01 - $85.70

Q3 2013

Shares 416,525 Value ($000) $30,290 Avg Close $57.09 Range $48.05 - $76.12

Q2 2013

Shares 109,977 Value ($000) $6,135 Avg Close $45.87 Range $37.37 - $57.49

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	881,650	$51,700	$65.37	$57.94 - $74.30
Q1 2015	931,620	$63,974	$60.73	$54.46 - $71.66
Q4 2014	910,557	$62,919	$72.53	$58.26 - $84.06
Q3 2014	989,111	$70,603	$75.95	$69.30 - $86.79
Q2 2014	1,007,335	$83,589	$72.58	$60.01 - $86.84
Q1 2014	688,943	$50,024	$84.48	$72.45 - $103.01
Q4 2013	663,151	$55,459	$74.07	$64.01 - $85.70
Q3 2013	416,525	$30,290	$57.09	$48.05 - $76.12
Q2 2013	109,977	$6,135	$45.87	$37.37 - $57.49