SEC Form 4 · accession 0001131554-17-000066
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence R. Irving
Officer — Chief Financial Officer
Period of report
Apr 27, 2017
Accepted (ET)
May 1, 2017 · 6:50 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 StockF1 | Apr 27, 2017 | A | 47,654 | $0.00 | A | 47,692 | D | |
| Performance Shares - AprilF2 | Apr 27, 2017 | A | 47,654 | $0.00 | A | 47,654 | D |
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)F3 | $13.29 | Apr 27, 2017 | A | 140,161 | A | Apr 27, 2018 | Apr 27, 2024 | Common Stock | 140,161 | 140,161 | D |
Explanation of responses
- F1Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan. One-third of the shares vest on each of April 27, 2018, 2019 and 2020.
- 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 certain 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.
- F3The option shall become exerciseable with respect to one-fourth of the shares subject to the option when the Reporting Person completes one year of continuous service after April 27, 2017 and 1/48th monthly of continuous service thereafter.