SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

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

Q4 2017

Shares 2,814 Value ($000) $121 Avg Close $38.99 Range $32.90 - $45.26

Q3 2017

Shares 4,074 Value ($000) $136 Avg Close $36.89 Range $29.85 - $45.75

Q2 2017

Shares 2,306 Value ($000) $102 Avg Close $44.23 Range $40.27 - $47.88

Q1 2017

Shares 11,374 Value ($000) $470 Avg Close $47.66 Range $39.66 - $55.07

Q2 2016

Shares 1,654 Value ($000) $76 Avg Close $41.32 Range $35.75 - $47.24

Q2 2015

Shares 428 Value ($000) $25 Avg Close $65.37 Range $57.94 - $74.30

Q1 2015

Shares 851 Value ($000) $58 Avg Close $60.73 Range $54.46 - $71.66

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	2,814	$121	$38.99	$32.90 - $45.26
Q3 2017	4,074	$136	$36.89	$29.85 - $45.75
Q2 2017	2,306	$102	$44.23	$40.27 - $47.88
Q1 2017	11,374	$470	$47.66	$39.66 - $55.07
Q2 2016	1,654	$76	$41.32	$35.75 - $47.24
Q2 2015	428	$25	$65.37	$57.94 - $74.30
Q1 2015	851	$58	$60.73	$54.46 - $71.66