0001415889-22-003911.txt : 20220406 0001415889-22-003911.hdr.sgml : 20220406 20220406163019 ACCESSION NUMBER: 0001415889-22-003911 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220401 FILED AS OF DATE: 20220406 DATE AS OF CHANGE: 20220406 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ciardiello Steven CENTRAL INDEX KEY: 0001689707 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35669 FILM NUMBER: 22810905 MAIL ADDRESS: STREET 1: 269 HANCE ROAD CITY: FAIR HAVEN STATE: NJ ZIP: 07704 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 form4-04062022_040406.xml X0306 4 2022-04-01 0001549346 Shutterstock, Inc. SSTK 0001689707 Ciardiello Steven 350 FIFTH AVENUE 21ST FLOOR NEW YORK NY 10118 false true false false CHIEF ACCOUNTING OFFICER Performance-based Restricted Stock Unit 2022-04-01 4 A 0 4526 0 A Common Stock 4526 4526 D Restricted Stock Unit 2022-04-01 4 A 0 1508 0 A Common Stock 1508 1508 D Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock. PSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, 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 and subject to adjustment pursuant to the award agreement. Each RSU represents a contingent right to receive one share of the Issuer's common stock. RSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, subject to the Reporting Person's continued employment on such vesting date. This Form 4 is being filed late due to inadvertent administrative error. /s/ John Lapham, Attorney-in-Fact 2022-04-06