SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

NEXT CENTURY GROWTH INVESTORS LLC's Holding History (CIK: 0001134007)

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

Q4 2014

Shares 766,613 Value ($000) $52,972 Avg Close $72.53 Range $58.26 - $84.06

Q3 2014

Shares 760,155 Value ($000) $54,259 Avg Close $75.95 Range $69.30 - $86.79

Q2 2014

Shares 561,744 Value ($000) $46,613 Avg Close $72.58 Range $60.01 - $86.84

Q1 2014

Shares 491,051 Value ($000) $35,655 Avg Close $84.48 Range $72.45 - $103.01

Q4 2013

Shares 523,039 Value ($000) $43,741 Avg Close $74.07 Range $64.01 - $85.70

Q3 2013

Shares 395,151 Value ($000) $28,735 Avg Close $57.09 Range $48.05 - $76.12

Q2 2013

Shares 179,077 Value ($000) $9,988 Avg Close $45.87 Range $37.37 - $57.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	766,613	$52,972	$72.53	$58.26 - $84.06
Q3 2014	760,155	$54,259	$75.95	$69.30 - $86.79
Q2 2014	561,744	$46,613	$72.58	$60.01 - $86.84
Q1 2014	491,051	$35,655	$84.48	$72.45 - $103.01
Q4 2013	523,039	$43,741	$74.07	$64.01 - $85.70
Q3 2013	395,151	$28,735	$57.09	$48.05 - $76.12
Q2 2013	179,077	$9,988	$45.87	$37.37 - $57.49