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SYNCHRONOSS TECHNOLOGIES INC — Director's Dealing 2015
Dec 28, 2015
34427_dirs_2015-12-28_6053200e-72bb-4c6e-8ef5-662836f15328.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: 2015-12-23
Reporting Person: McCormick James M (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-23 | Common Stock | M | 25000 | $8.98 | Acquired | 2216144 | Direct |
| 2015-12-23 | Common Stock | S | 25000 | $35.86 | Disposed | 2191144 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-23 | Stock Option (Right to Purchase) | $8.98 | M | 25000 | Disposed | 2016-02-10 | Common Stock (25000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 870000 | Indirect |
Footnotes
F1: The weighted average sales price is reported as stock sales were aggregated for reporting purposes. The per share transaction price ranged from $35.54 to $36.04. The reporting person will provide, upon request from an appropriate party, the per share sales volume and prices.
F2: 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.
F3: The option shall become exercisable with respect to 1/4 of the shares subject to the option when the Reporting Person completes one year of continuous service after 2/10/2006 and monthly thereafter.