<SEC-DOCUMENT>0001140361-14-042513.txt : 20141117
<SEC-HEADER>0001140361-14-042513.hdr.sgml : 20141117
<ACCEPTANCE-DATETIME>20141117174332
ACCESSION NUMBER:		0001140361-14-042513
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141113
FILED AS OF DATE:		20141117
DATE AS OF CHANGE:		20141117

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shutterstock, Inc.
		CENTRAL INDEX KEY:			0001549346
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				800812659
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		350 FIFTH AVENUE
		STREET 2:		21ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10118
		BUSINESS PHONE:		646-710-3410

	MAIL ADDRESS:	
		STREET 1:		350 FIFTH AVENUE
		STREET 2:		21ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10118

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lieberman Jeffrey
		CENTRAL INDEX KEY:			0001328837

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35669
		FILM NUMBER:		141228944

	MAIL ADDRESS:	
		STREET 1:		680 FIFTH AVENUE
		STREET 2:		8TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
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<ownershipDocument>

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    <documentType>4</documentType>

    <periodOfReport>2014-11-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001549346</issuerCik>
        <issuerName>Shutterstock, Inc.</issuerName>
        <issuerTradingSymbol>SSTK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001328837</rptOwnerCik>
            <rptOwnerName>Lieberman Jeffrey</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INSIGHT VENTURE PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>680 FIFTH AVENUE, 8TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2014-11-13</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>699</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>28083</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2014-11-13</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>9222</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>37305</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">See Exhibit 99.1.</footnote>
    </footnotes>

    <remarks>Exhibit List:

Exhibit 99.1 - Explanation of Responses</remarks>

    <ownerSignature>
        <signatureName>/s/ Jeffrey Lieberman</signatureName>
        <signatureDate>2014-11-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l12704363.htm
<DESCRIPTION>EXPLANATION OF RESPONSES
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 13.7pt">Explanation of Responses</div>

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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">On November 13, 2014, Insight Venture Partners V, L.P., Insight Venture Partners (Cayman) V, L.P., Insight Venture Partners V Coinvestment Fund, L.P. and Insight Venture Partners V (Employee Co-Investors), L.P. (collectively, the &#8220;Insight V Funds&#8221;) distributed an aggregate 1,289,748 shares of Common Stock of the issuer <font style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-STYLE: italic">pro rata</font> to their partners in accordance with their respective ownership interests as determined in accordance with the applicable limited partnership agreement of such entities (the &#8220;First Distribution&#8221;).&#160; In connection with the First Distribution, Jeffrey Lieberman acquired direct ownership of 114 shares of Common Stock and ML &amp; JL Holdings, LLC, an entity affiliated with Jeffrey Lieberman, acquired direct ownership of 585 shares of Common Stock.</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 30pt; LINE-HEIGHT: 11.4pt">Mr. Lieberman did not furnish any consideration in exchange for the shares of Common Stock received in connection with the Distribution.&#160; The business address for all of the above persons is: 1114 Avenue of The Americas, 36th Floor, New York, N.Y. 10019.</div>
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