ARNOLD SCOTT

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2019-07-02	2019-07-02	Shutterfly Inc (SFLY)	PlS Planned sale	47,827 +26.9% 182.37 US$4,398,086	47,827 +26.9%	182.37	US$4,398,086
2019-07-02	2019-07-01	Shutterfly Inc (SFLY)	S Sale	97,864 -18.0% 60.30 US$2,102,987	97,864 -18.0%	60.30	US$2,102,987
2019-02-20	2019-02-20	Shutterfly Inc (SFLY)	PlS Planned sale	25,482 +31.3% 453.58 US$538,211	25,482 +31.3%	453.58	US$538,211
2019-02-20	2019-02-19	Shutterfly Inc (SFLY)	S Sale	802 -40.2% 46.36 US$37,182	802 -40.2%	46.36	US$37,182