Form 4 for SSTK Shutterstock, Inc.
Accepted 2022-03-04 00:00:00 ET · period of report 2022-03-02 · accession 0001140361-22-008026 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-04 | 2022-03-02 | SSTK | Ciardiello Steven | CAO | F - Tax | $88.74 | -3,164 | 31.4K | -9% | -$280.8K |
| DM | 2022-03-04 | 2022-03-02 | SSTK | Ciardiello Steven | CAO | M - OptEx | $0.00 | +8,764 | 33.7K | +35% | $0 |
| DM | 2022-03-04 | 2022-03-02 | SSTK | Ciardiello Steven | CAO | M - OptEx | $0.00 | +8,764 | 4,247 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-02 | F | D | 934 | $88.74 | 33,090 | D | — | — | |
| 2 | Common | Common Stock | 2022-03-02 | M | A | 2,580 | $0.00 | 34,024 | D | — | — | |
| 3 | Common | Common Stock | 2022-03-02 | F | D | 2,230 | $88.74 | 31,444 | D | — | — | |
| 4 | Common | Common Stock | 2022-03-02 | M | A | 6,184 | $0.00 | 33,674 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2022-03-02 | M | A | 2,580 | $0.00 | 0 | D | — · 2022-03-01 to — | 2,580 Common Stock | (F3) Each RSU represents a contingent right to receive one share of the Issuer's common stock. (F4) Consists of a restricted stock unit award 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. This award vests in four equal annual installments beginning March 1, 2019, subject in each case to the Reporting Person's continued employment on such vesting date. |
| 6 | Derivative | Performance- based Restricted Stock Units | 2022-03-02 | M | A | 6,184 | $0.00 | 4,247 | D | — · 2022-03-01 to — | 6,184 Common Stock | (F1) Each PSU represents a contingent right to receive one share of the Issuer's common stock. (F2) Performance-based restricted stock unit ("PSU") award, granted on April 1, 2020 (the "2020 Award") that provides for an aggregate target award of 12,493 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 vested on March 1, 2021 and March 1, 2022 and will vest March 1, 2023 at 33%, 33% and 34% of the aggregate target, respectively, subject to adjustment pursuant to the award agreement. |