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SYNCHRONOSS TECHNOLOGIES INC — Director's Dealing 2017
May 2, 2017
34427_dirs_2017-05-01_03ea46e4-2a85-4a40-b497-a695429857d7.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: 2017-04-27
Reporting Person: Irving Lawrence R. (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-04-27 | Common Stock | A | 47654 | — | Acquired | 47692 | Direct |
| 2017-04-27 | Performance Shares - April | A | 47654 | — | Acquired | 47654 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-04-27 | Stock Option (Right to Purchase) | $13.29 | A | 140161 | Acquired | 2024-04-27 | Common Stock (140161.0) | Direct |
Footnotes
F1: Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan. One-third of the shares vest on each of April 27, 2018, 2019 and 2020.
F2: Represents target number of performance shares. The actual number of the shares subject to be issued, which could range from 0 to two times the initial target amount, will depend upon certain the issuer's Non-GAAP revenue, EBITDA and recurring revenue during 2017. The shares, if any, will be issued on or about February 2018. The Reporting Person will be entitled to sell the shares on or after February 24, 2020 provided the Reporting Person is continuously employed by the Company through February 24, 2020.
F3: The option shall become exerciseable with respect to one-fourth of the shares subject to the option when the Reporting Person completes one year of continuous service after April 27, 2017 and 1/48th monthly of continuous service thereafter.