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SYNOVUS FINANCIAL CORP — Director's Dealing 2017
Feb 15, 2017
30812_dirs_2017-02-14_8f5e0e3a-771b-4e39-9c66-9cc92240f3f0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYNOVUS FINANCIAL CORP (SNV)
CIK: 0000018349
Period of Report: 2017-02-11
Reporting Person: Howard Kevin Joseph (EVP and Chief Credit Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-11 | Common Stock | A | 450 | $41.77 | Acquired | 55137 | Direct |
| 2017-02-11 | Common Stock | F | 1093 | $41.77 | Disposed | 54044 | Direct |
Footnotes
F1: On February 16, 2016, the reporting person reported the grant of certain market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On February 11, 2017, pursuant to the terms of the service-based vesting component of the MRSUs, the first tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 450 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of MRSUs initially reported on Form 4 in February 2016.
F2: Includes 30 shares acquired through dividend reinvestment.
F3: These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.