Stock Trading History of Schoendorf Nancy J

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Schoendorf Nancy J since year 2005. The trader's CIK number is 1250354. At the time of this reporting, Schoendorf Nancy J is the Director of Shutterfly Inc (stock ticker symbol SFLY).

Stock purchases, sales, and option exercises reported by *Schoendorf Nancy J* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-08-10	SFLY	Shutterfly Inc	Sale	9,160	26.89	246,271
2007-08-10	SFLY	Shutterfly Inc	Sale	48,219	26.56	1,280,664
2007-05-30	SFLY	Shutterfly Inc	Sale	1,877	18.49	34,713
2007-05-30	SFLY	Shutterfly Inc	Sale	101,304	18.23	1,846,906
2007-05-30	SFLY	Shutterfly Inc	Sale	24,296	18.20	442,284
2007-05-29	SFLY	Shutterfly Inc	Sale	75,000	18.69	1,401,900

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Schoendorf Nancy J (Director of Shutterfly Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.