SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q2 2014

Shares 35 Value ($000) $3 Avg Close $72.58 Range $60.01 - $86.84

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	35	$3	$72.58	$60.01 - $86.84