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SYNCHRONOSS TECHNOLOGIES INC — Director's Dealing 2016
Feb 24, 2016
34427_dirs_2016-02-23_1e43ed3f-791e-45cd-93ee-14223ff6d5f2.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: 2016-02-19
Reporting Person: Halbard Chris (EVP, International)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-19 | Common Stock | A | 3874 | $0.00 | Acquired | 50371 | Direct |
| 2016-02-19 | Performance Shares - 2016-2018 | A | 3874 | $0.00 | Acquired | 3874 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-19 | Stock Option (Right to Purchase) | $25.81 | A | 9735 | Acquired | 2023-02-19 | Common Stock (9735) | Direct |
Footnotes
F1: Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan.
F2: Represents target number of performance shares. The actual number of shares to be issued, which could range from 0 to two times the initial target amount, will depend upon the issuer's revenue, EBITDA and enterprise business during the three year period for fiscal years 2016, 2017 and 2018. The shares, if any, will be issued in February 2019.
F3: The option shall become exercisable with respect to the first 25% of the shares subject to the option when the Reporting Person completes 12 months of continuous service after February 19, 2016. 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.