SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

Pier Capital, LLC's Holding History (CIK: 0001310051)

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

Q4 2016

Shares 138,530 Value ($000) $6,583 Avg Close $53.37 Range $44.20 - $64.81

Q3 2016

Shares 92,283 Value ($000) $5,878 Avg Close $57.50 Range $45.01 - $65.16

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	138,530	$6,583	$53.37	$44.20 - $64.81
Q3 2016	92,283	$5,878	$57.50	$45.01 - $65.16