SEC Form 4 · accession 0000899243-17-011948
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Siris Partners III, L.P.
10% Owner
Siris Partners III Parallel, L.P.
10% Owner
Siris Capital Group, LLC
10% Owner
Siris Capital Group III, L.P.
10% Owner
Siris Advisor HoldCo III, LLC
10% Owner
Siris GP HoldCo III, LLC
10% Owner
Silver Private Holdings I, LLC
10% Owner
Silver Private Investments, LLC
10% Owner
Siris Advisor HoldCo, LLC
10% Owner
Siris Partners GP III, L.P.
10% Owner
Period of report
May 2, 2017
Accepted (ET)
May 4, 2017 · 9:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001131554
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per shareF7,F1,F2,F3,F4,F5,F6 | May 2, 2017 | P | 428,569 | $15.67 | A | 5,065,853 | D | |
| Common Stock, par value $0.0001 per shareF8,F1,F2,F3,F4,F5,F6 | May 2, 2017 | P | 247,394 | $16.16 | A | 5,313,247 | D | |
| Common Stock, par value $0.0001 per shareF9,F1,F2,F3,F4,F5,F6 | May 3, 2017 | P | 506,420 | $15.98 | A | 5,819,667 | D | |
| Common Stock, par value $0.0001 per shareF10,F1,F2,F3,F4,F5,F6 | May 4, 2017 | P | 126,416 | $15.66 | A | 5,946,083 | D | |
| Common Stock, par value $0.0001 per shareF11,F1,F2,F3,F4,F5,F6 | May 4, 2017 | P | 48,584 | $16.19 | A | 5,994,667 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is being jointly filed by and on behalf of each of the following persons (each, a "Reporting Person"): (i) Silver Private Holdings I, LLC, a Delaware limited liability company ("Silver Holdings"); (ii) Silver Private Investments, LLC, a Delaware limited liability company ("Silver Parent"); (iii) Siris Partners III, L.P., a Delaware limited partnership ("Siris Fund III"); (iv) Siris Partners III Parallel, L.P., a Delaware limited partnership ("Siris Fund III Parallel"); (v) Siris Partners GP III, L.P., a Delaware limited partnership ("Siris Fund III GP"); (vi) Siris GP HoldCo III, LLC, a Delaware limited liability company ("Siris Fund III GP HoldCo"); (vii) Siris Capital Group III, L.P., a Delaware limited partnership ("Siris Fund III Advisor"); (viii) Siris Capital Group, LLC, a Delaware limited liability company ("Siris Capital Group"); (ix) Siris Advisor HoldCo III, LLC, a Delaware limited liability company ("Siris Fund III Advisor HoldCo");
- F10The price reported in Column 4 is a weighted average price. These shares of Common Stock were acquired in multiple transactions at prices ranging from $15.41 to $15.99, inclusive. The Reporting Persons undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of Common Stock acquired at each separate price.
- F11The price reported in Column 4 is a weighted average price. These shares of Common Stock were acquired in multiple transactions at prices ranging from $16.00 to $16.46, inclusive. The Reporting Persons undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of Common Stock acquired at each separate price.
- F2(Continued from Footnote 1) and (x) Siris Advisor HoldCo, LLC, a Delaware limited liability company ("Siris Advisor HoldCo").
- F3Silver Holdings is controlled by its sole member, Silver Parent. Silver Parent is controlled by its members, Siris Fund III and Siris Fund III Parallel. Each of Siris Fund III and Siris Fund III Parallel is controlled by its general partner, Siris Fund III GP. Siris Fund III GP is controlled by its general partner, Siris Fund III GP HoldCo. Siris Fund III Advisor serves as investment manager to Siris Fund III and Siris Fund III Parallel pursuant to investment management agreements with each of them. Siris Capital Group shares investment management authority in respect of Siris Fund III and Siris Fund III Parallel pursuant to an agreement between Siris Fund III Advisor and Siris Capital Group. Siris Fund III Advisor is controlled by its general partner, Siris Fund III Advisor HoldCo.
- F4(Continued from Footnote 3) Siris Capital Group is controlled by its managing member, Siris Advisor HoldCo. Each of Siris Fund III GP HoldCo, Siris Fund III Advisor HoldCo and Siris Advisor HoldCo is controlled by Frank Baker, Peter Berger and Jeffrey Hendren.
- F5The Reporting Persons may be deemed to be members of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (such Act and rules, as amended, the "Exchange Act"), which group may be deemed to share the power to vote or direct the vote, or to dispose or direct the disposition, of the securities reported herein. However, neither the filing of this Form 4 nor any of its contents shall be deemed to constitute an admission by any of the Reporting Persons that it is a member of a "group" for such purposes, for purposes of Section 16 of the Exchange Act or for any other purpose.
- F6(Continued from footnote 5) Each of the Reporting Persons expressly disclaims beneficial ownership of securities held by any other person or entity other than, to the extent of any pecuniary interest therein, the various accounts under such Reporting Person's management and control. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
- F7The price reported in Column 4 is a weighted average price. These shares of Common Stock were acquired in multiple transactions at prices ranging from $15.22 to $15.99, inclusive. The Reporting Persons undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of Common Stock acquired at each separate price.
- F8The price reported in Column 4 is a weighted average price. These shares of Common Stock were acquired in multiple transactions at prices ranging from $16.00 to $16.25, inclusive. The Reporting Persons undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of Common Stock acquired at each separate price.
- F9The price reported in Column 4 is a weighted average price. These shares of Common Stock were acquired in multiple transactions at prices ranging from $15.40 to $16.39, inclusive. The Reporting Persons undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of Common Stock acquired at each separate price.