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SYNCHRONOSS TECHNOLOGIES INC — Director's Dealing 2016
Aug 9, 2016
34427_dirs_2016-08-08_a24752a0-93dd-4ebc-af4e-2086efb7faee.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: 2016-08-04
Reporting Person: McCormick James M (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-04 | Common Stock | M | 10000 | $14.00 | Acquired | 2204728 | Direct |
| 2016-08-04 | Common Stock | M | 10000 | $14.00 | Acquired | 2214728 | Direct |
| 2016-08-04 | Common Stock | M | 7500 | $15.89 | Acquired | 2222228 | Direct |
| 2016-08-04 | Common Stock | S | 27500 | $40.00 | Disposed | 2194728 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-01-03 | Stock Option (Right to Purchase) | $14.00 | M | 10000 | Disposed | 2017-01-03 | Common Stock (10000) | Direct |
| 2007-01-03 | Stock Option (Right to Purchase) | $14.00 | M | 10000 | Disposed | 2017-01-03 | Common Stock (10000) | Direct |
| 2010-01-05 | Stock Option (Right to Purchase) | $15.89 | M | 7500 | Disposed | 2017-01-05 | Common Stock (7500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 87000 | Indirect |
Footnotes
F1: 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.
F2: The option shall become exercisable with respect to 1/12th of the shares subject to the option when the Reporting Person completes each month of continuous service after 1/3/2007.
F3: The option shall become exercisable with respect to 1/3 of the shares to the option when the Reporting Person completes each year of continuous service after 1/5/2010.