0001179110-21-002827.txt : 20210303
0001179110-21-002827.hdr.sgml : 20210303
20210303214751
ACCESSION NUMBER: 0001179110-21-002827
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210301
FILED AS OF DATE: 20210303
DATE AS OF CHANGE: 20210303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Silvio Peter
CENTRAL INDEX KEY: 0001809978
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35669
FILM NUMBER: 21712389
MAIL ADDRESS:
STREET 1: C/O SHUTTERSTOCK, INC.
STREET 2: 350 FIFTH AVENUE, 21ST FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10118
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
2021-03-01
0
0001549346
Shutterstock, Inc.
SSTK
0001809978
Silvio Peter
350 FIFTH AVENUE
21ST FLOOR
NEW YORK
NY
10118
0
1
0
0
Chief Technology Officer
Common Stock
2021-03-01
4
M
0
6870
89.22
A
33006
D
Common Stock
2021-03-01
4
F
0
2626
89.22
D
30380
D
Common Stock
2021-03-01
4
F
0
639
89.22
D
29741
D
Performance-based Restricted Stock Units
2021-03-01
4
A
0
6870
0
A
2021-03-01
Common Stock
6870
6870
D
Performance-based Restricted Stock Units
2021-03-01
4
M
0
6870
0
D
2021-03-01
Common Stock
6870
0
D
Shares of the Issuer's common stock acquired upon the vesting of the 2021 tranche of the 2020 Award (defined below). The Compensation Committee of the Issuer (the "Compensation Committee") confirmed the achievement of performance and a corresponding payout at 150% of the targeted amount of shares.
Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of PSUs.
On March 1, 2021, the Reporting Person acquired 1,559 shares of Issuer's common stock upon the vesting of restricted stock units (RSUs). In connection with this vest, 639 shares were withheld by the Issuer to cover taxes due upon vesting of the RSUs and the remaining net 920 shares of common stock continue to be held by the Reporting Person.
Each PSU represents a contingent right to receive one share of the Issuer's common stock.
Performance-based restricted stock unit ("PSU") award, granted on April 1, 2020 (the "2020 Award") that provides for an aggregate target award of 13,881 shares of Issuer's Common Stock, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance, the 2020 Award vests on March 1, 2021, March 1, 2022 and March 1, 2023 at 33%, 33% and 34% of the aggregate target, respectively, subject to adjustment pursuant to the award agreement.
/s/ John Lapham, Attorney-in-Fact
2021-03-03