SYNCHRONOSS TECHNOLOGIES INC — Director's Dealing 2018

Feb 6, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SYNCHRONOSS TECHNOLOGIES INC (SNCR)
CIK: 0001131554
Period of Report: 2018-02-01

Reporting Person: Clark Mary P (CMO and EVP, Product)

Holdings (Non-Derivative)

Security	Shares	Ownership
Perfromance Shares - MC	30000	Direct
Common Stock	30000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$8.05	2025-02-01	Common Stock (80000.0)		Direct

Footnotes

F1: 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 performance goals of the Company for the three-year period for as determined by the Board of Directors or its Compensation Committee. The shares, if any, will be issued on or about February 2021. The Reporting Person will be entitled to sell the shares on or after February 1, 2021 provided the Reporting Person is continuously employed by the Company through such date.

F2: The shares shall vest with respect to the first 25% of the shares when the individual completes 12 months of continuous service after the vesting commencement date. The shares shall vest with respect to an additional 1/16th of the shares when the individual completes each three months of continuous service thereafter.

F3: The Company's right of repurchase shall lapse with respect to the first 25% of the shares subject to this option when the optionee completes 12 months of continuous service after the vesting commencement date. The right of repurchase shall lapse with respect to an additional 1/48th of the shares subject to this option when the optionee completes each month of continuous service thereafter.