Initial Statement of Beneficial Ownership (3)
April 23 2020 - 4:14PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Silvio Peter |
2. Date of Event Requiring Statement (MM/DD/YYYY)
4/20/2020
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3. Issuer Name and Ticker or Trading Symbol
Shutterstock, Inc. [SSTK]
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(Last)
(First)
(Middle)
350 FIFTH AVENUE, 21ST FLOOR |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
Chief Technology Officer / |
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(Street)
NEW YORK, NY 10118
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4) | 2. Amount of Securities Beneficially Owned
(Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) | 4. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Common Stock | 29751 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4) | 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) | 6. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Explanation of Responses: |
| (1) | Consists of (i) 854 shares held by the Reporting Person, (ii) 3,336 restricted stock units ("RSUs") scheduled to vest on July 3, 2020, (iii) 1,559 RSUs scheduled to vest on March 1, 2021, (iv) 5,470 RSUs scheduled to vest in equal installments on each of April 1, 2021 and April 1, 2022, (v) 6,147 RSUs scheduled to vest over three annual installments beginning June 1, 2020 and (vi) 12,385 RSUs scheduled to vest over three annual installments beginning December 1, 2020. RSU awards were made pursuant to the Issuer's Amended and Restated 2012 Omnibus Equity Incentive Plan, and each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Silvio Peter
350 FIFTH AVENUE
21ST FLOOR
NEW YORK, NY 10118 |
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| Chief Technology Officer |
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Signatures
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| /s/ Heidi Garfield, Attorney-in-Fact | | 4/23/2020 |
| **Signature of Reporting Person | Date |
Shutterstock (NYSE:SSTK)
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