0001179110-21-001837.txt : 20210217 0001179110-21-001837.hdr.sgml : 20210217 20210217212518 ACCESSION NUMBER: 0001179110-21-001837 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210212 FILED AS OF DATE: 20210217 DATE AS OF CHANGE: 20210217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Pavlovsky Stan CENTRAL INDEX KEY: 0001455203 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35669 FILM NUMBER: 21647428 MAIL ADDRESS: STREET 1: 3316 LINCOLN AVE NE CITY: RENTON STATE: WA ZIP: 98056 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Shutterstock, Inc. CENTRAL INDEX KEY: 0001549346 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 800812659 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 350 FIFTH AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10118 BUSINESS PHONE: 646-419-4452 MAIL ADDRESS: STREET 1: 350 FIFTH AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10118 4 1 edgar.xml FORM 4 - X0306 4 2021-02-12 0 0001549346 Shutterstock, Inc. SSTK 0001455203 Pavlovsky Stan C/O SHUTTERSTOCK, INC. 350 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10118 1 1 0 0 Chief Executive Officer Common Stock 2021-02-12 4 M 0 28574 85.35 A 70907 D Common Stock 2021-02-12 4 F 0 12269 85.35 D 58638 D Performance-based Restricted Stock Units 2021-02-12 4 M 0 28574 0 D Common Stock 28574 11160 D Shares of the Issuer's common stock acquired upon the vesting of a performance-based restricted stock unit award ("PSU") granted on April 1, 2019. The award provides for vesting in 2020, 2021 and 2022 at 33%, 33% and 34%, respectively, contingent upon the achievement of certain adjusted EBITDA performance thresholds for each annual performance period. The award allows tranches that did not meet targeted performance thresholds to vest in a subsequent year if performance thresholds are met in such subsequent year. This amount represents the vesting of the 2020 and 2021 tranches. Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of PSUs. Each PSU represents a contingent right to receive one share of the Issuer's common stock. The Compensation Committee of the Issuer's Board of Directors certified 2020 performance targets met as of February 11, 2021. /s/ John Lapham, Attorney-in-Fact 2021-02-17