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SYNCHRONOSS TECHNOLOGIES INC — Director's Dealing 2011
May 6, 2011
34427_dirs_2011-05-06_db5fd44e-dc8a-4e4f-b49f-289942c00bcc.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: 2011-05-04
Reporting Person: Garcia Robert (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-04 | Common Stock | M | 12210 | $8.98 | Acquired | 46117 | Direct |
| 2011-05-04 | Common Stock | S | 12210 | $32.60 | Disposed | 33907 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-05-04 | Stock Option (Right to Purchase) | $8.98 | M | 12210 | Disposed | 2016-04-03 | Common Stock (12210) | Direct |
Footnotes
F1: The weighted average sales price is reported as stock sales were aggregated for reporting purposes. The per share transation price ranged from $32.23 to $33.80. The reporting person will provide, upon request from an appropriate party, the per share sales volume and prices.
F2: The option became exercisable with respect to the first 25 percent of the shares subject to the option when the Reporting Person completed 12 months of continuous service after April 3, 2006. The option becomes 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.