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SYNCHRONOSS TECHNOLOGIES INC — Director's Dealing 2011
Jan 6, 2011
34427_dirs_2011-01-06_ce22a390-9a91-4a36-8337-5ec65d7cb40d.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: 2011-01-04
Reporting Person: McCormick James M (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-04 | Common Stock | A | 3335 | $0.00 | Acquired | 1899655 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-04 | Stock Option (Right to Buy) | $26.83 | A | 7500 | Acquired | 2018-01-04 | Common Stock (7500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 770681 | Indirect |
| Common Stock | 2000000 | Indirect |
| Common Stock | 1000000 | Indirect |
Footnotes
F1: Shares of restricted stock granted pursuant to the Company's 2006 Equity Incentive Plan.
F2: These shares were previously reported as directly beneficially owned but were contributed to a grantor retained annuity trust on June 11, 2008. Reporting Person is the sole trustee of the trust
F3: The Reporting Person is the Chief Executive Officer and sole stockholder of Vertek Corporation. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in the report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 for any other purpose.
F4: These shares were previously reported as directly beneficially owned but were contributed to a grantor retained annuity trust on May 13, 2010.
F5: The option shall become exercisable with respect to 1/3 of the shares subject to the option when the Reporting Person completes each year of continuous service after 1/4/2011.