SEC Form 4 · accession 0001104659-18-010904
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Purchase)F1 | $7.48 | Feb 15, 2018 | A | 30,000 | A | — | Feb 14, 2025 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1The stock option becomes exercisable with respect to one-third of the shares subject to the stock option when the Reporting Person completes each year of continuous service after February 15, 2018. Pursuant to an assignment agreement between Siris Capital Group LLC, a Delaware limited liability company ("Siris Capital Group"), the Reporting Person and Synchronoss Technologies, Inc., a Delaware corporation (the "Issuer"), dated as of February 15, 2018, the Reporting Person has assigned to Siris Capital Group all of his right, title and interest in and to any compensation, including equity awards, he receives from the Issuer for his services as a director of the Issuer.
Remarks
The Reporting Person is a managing partner of Siris Capital Group, an affiliate of which, Silver Private Holdings I, LLC, a Delaware limited liability company ("Silver Holdings"), holds securities of the Issuer. Beneficial ownership of such securities is reported separately by Silver Holdings, Siris Capital Group and certain of their affiliates. The Reporting Person expressly disclaims beneficial ownership of such securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.