This disclosure provides systems, methods and apparatus for a shutter-based light modulator. The shutter includes at least three depressions extending outward from the surface of the shutter. Any two adjacent depressions of the at least three depressions define a gap therebetween to reduce damping forces caused by fluids in which the shutter is immersed. In some implementations, the at least three depressions can be aligned into more than one row, each row including more than two of the at least three depressions, along the surface of the shutter. In some implementations, to improve structural stability of the shutter, depressions in one row are staggered with respect to depressions in another row.