SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001021223)

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

Q1 2017

Shares 61,070 Value ($000) $2,525 Avg Close $47.66 Range $39.66 - $55.07

Q4 2016

Shares 3,678,111 Value ($000) $174,784 Avg Close $53.37 Range $44.20 - $64.81

Q3 2016

Shares 3,547,898 Value ($000) $226,001 Avg Close $57.50 Range $45.01 - $65.16

Q2 2016

Shares 3,653,065 Value ($000) $167,310 Avg Close $41.32 Range $35.75 - $47.24

Q1 2016

Shares 3,601,712 Value ($000) $132,290 Avg Close $32.35 Range $25.44 - $37.92

Q4 2015

Shares 3,384,591 Value ($000) $109,458 Avg Close $32.92 Range $27.50 - $38.86

Q3 2015

Shares 2,498,989 Value ($000) $75,569 Avg Close $40.16 Range $28.96 - $59.56

Q2 2015

Shares 1,634,755 Value ($000) $95,862 Avg Close $65.37 Range $57.94 - $74.30

Q1 2015

Shares 1,612,890 Value ($000) $110,757 Avg Close $60.73 Range $54.46 - $71.66

Q4 2014

Shares 580,915 Value ($000) $40,141 Avg Close $72.53 Range $58.26 - $84.06

Q3 2014

Shares 102,225 Value ($000) $7,297 Avg Close $75.95 Range $69.30 - $86.79

Q2 2014

Shares 30,444 Value ($000) $2,526 Avg Close $72.58 Range $60.01 - $86.84

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	61,070	$2,525	$47.66	$39.66 - $55.07
Q4 2016	3,678,111	$174,784	$53.37	$44.20 - $64.81
Q3 2016	3,547,898	$226,001	$57.50	$45.01 - $65.16
Q2 2016	3,653,065	$167,310	$41.32	$35.75 - $47.24
Q1 2016	3,601,712	$132,290	$32.35	$25.44 - $37.92
Q4 2015	3,384,591	$109,458	$32.92	$27.50 - $38.86
Q3 2015	2,498,989	$75,569	$40.16	$28.96 - $59.56
Q2 2015	1,634,755	$95,862	$65.37	$57.94 - $74.30
Q1 2015	1,612,890	$110,757	$60.73	$54.46 - $71.66
Q4 2014	580,915	$40,141	$72.53	$58.26 - $84.06
Q3 2014	102,225	$7,297	$75.95	$69.30 - $86.79
Q2 2014	30,444	$2,526	$72.58	$60.01 - $86.84