SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

Artisan Partners Limited Partnership's Holding History (CIK: 0001466153)

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

Q3 2014

Shares 291,567 Value ($000) $20,812 Avg Close $75.95 Range $69.30 - $86.79

Q2 2014

Shares 305,982 Value ($000) $25,390 Avg Close $72.58 Range $60.01 - $86.84

Q1 2014

Shares 292,151 Value ($000) $21,213 Avg Close $84.48 Range $72.45 - $103.01

Q4 2013

Shares 192,771 Value ($000) $16,121 Avg Close $74.07 Range $64.01 - $85.70

Q3 2013

Shares 81,000 Value ($000) $5,890 Avg Close $57.09 Range $48.05 - $76.12

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	291,567	$20,812	$75.95	$69.30 - $86.79
Q2 2014	305,982	$25,390	$72.58	$60.01 - $86.84
Q1 2014	292,151	$21,213	$84.48	$72.45 - $103.01
Q4 2013	192,771	$16,121	$74.07	$64.01 - $85.70
Q3 2013	81,000	$5,890	$57.09	$48.05 - $76.12