SEC Form 4 · accession 0001131554-17-000052
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W. Frederick
Officer — Chief Financial Officer
Period of report
Mar 24, 2017
Accepted (ET)
Mar 28, 2017 · 8:33 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 StockF1 | Mar 24, 2017 | A | 17,348 | $0.00 | A | 17,348 | D | |
| Performance SharesF2 | Mar 24, 2017 | A | 36,623 | $0.00 | A | 36,623 | D | |
| Common StockF3 | Mar 24, 2017 | A | 36,623 | $0.00 | A | 53,971 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan. One-fourth of the shares shall vest when the Reporting Person completes 11 months of continuous service after March 24, 2017. The shares of restricted stock shall vest with respect to an additional 1/48th of the shares of restricted stock when the Reporting Person completes each month of continuous service thereafter.
- F2Represents 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 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.
- F3Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan. One-third of the shares shall vest on each of February 24, 2018, 2019 and 2020 provided the Reporting Person is continuously employed by the Company.