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Stock Trading History of Recht Stephen E

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 Recht Stephen E since year 2005. The trader's CIK number is 1258578. At the time of this reporting, Recht Stephen E is the CHIEF FINANCIAL OFFICER of Shutterfly Inc (stock ticker symbol SFLY).

Stock purchases, sales, and option exercises reported by *Recht Stephen E* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-11-14	SFLY	Shutterfly Inc	Sale	3,061	30.20	92,447
2007-11-14	SFLY	Shutterfly Inc	Sale	4,439	29.62	131,480
2007-10-17	SFLY	Shutterfly Inc	Sale	7,500	34.16	256,224
2007-09-06	SFLY	Shutterfly Inc	Sale	7,500	26.87	201,516

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 Recht Stephen E (CHIEF FINANCIAL OFFICER of Shutterfly Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.