SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

Insight Holdings Group, LLC's Holding History (CIK: 0001305473)

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

Q3 2014

Shares 1,289,748 Value ($000) $92,062 Avg Close $75.95 Range $69.30 - $86.79

Q2 2014

Shares 2,589,748 Value ($000) $214,897 Avg Close $72.58 Range $60.01 - $86.84

Q1 2014

Shares 3,339,748 Value ($000) $242,499 Avg Close $84.48 Range $72.45 - $103.01

Q4 2013

Shares 4,339,748 Value ($000) $362,933 Avg Close $74.07 Range $64.01 - $85.70

Q3 2013

Shares 4,339,748 Value ($000) $315,586 Avg Close $57.09 Range $48.05 - $76.12

Q2 2013

Shares 5,949,748 Value ($000) $331,877 Avg Close $45.87 Range $37.37 - $57.49

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	1,289,748	$92,062	$75.95	$69.30 - $86.79
Q2 2014	2,589,748	$214,897	$72.58	$60.01 - $86.84
Q1 2014	3,339,748	$242,499	$84.48	$72.45 - $103.01
Q4 2013	4,339,748	$362,933	$74.07	$64.01 - $85.70
Q3 2013	4,339,748	$315,586	$57.09	$48.05 - $76.12
Q2 2013	5,949,748	$331,877	$45.87	$37.37 - $57.49