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SYNCHRONOSS TECHNOLOGIES INC — Director's Dealing 2011
Dec 8, 2011
34427_dirs_2011-12-08_d966db89-a453-4516-ace1-600d03831665.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYNCHRONOSS TECHNOLOGIES INC (SNCR)
CIK: 0001131554
Period of Report: 2011-12-06
Reporting Person: Hilbert Paula J (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-12-06 | 2011-2012 Performance Shares | A | 6000 | $0.00 | Acquired | 6000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-12-06 | Stock Option (Right to Purchase) | $30.50 | A | 15000 | Acquired | 2018-12-06 | Common Stock (15000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 20000 | Direct |
Footnotes
F1: Represents target number of performance shares. The actual number of shares to be issued, which could range from 0 to one and one-half times the initial target amount, will depend upon the issuer's revenue and operating income during fiscal 2012 and the Company's stock performance. The shares, if any, will be issued in February 2013.
F2: Th option shall become exercisable with respect to the first 25 percent of the shares subject to the option when the Reporting Person completes 12 months of continuous service after December 6, 2011. The option shall become exercisable with respect to an additional 1/48th of the shares subject to the option when the Reporting Person completes each month of continuous service thereafter.